The scheme is aimed at Science, Technology, Engineering and Maths (STEM) undergraduates.

In the first year, BP will provide a total of 90 scholarships, with 10 at each of the following universities: Durham, Imperial, Bath, Birmingham, Cambridge, Manchester, Nottingham, Oxford and Strathclyde.

Emma Judge, Head of Graduate Resourcing at BP, says: “We hope the scholarship fund will lighten students’ concerns about funding their further education in today’s economic climate, and encourage more of the brightest and best minds to continue to study STEM subjects.”

BP aims to recruit over 200 graduates in 2013.

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