McVerry Trust claims €9m of government bailout so far as it awaits sign off on restructuring plan
Final payment of €5 million is expected to be paid to the charity next month, granted it meets a number of government conditions
The Peter McVerry Trust has claimed almost €9 million in emergency funding from the government so far as part of a bailout package approved by Cabinet in December.
The housing and homeless charity sought the emergency funding late last year following revelations of financial difficulties at the organisation.
Darragh O’Brien, the housing minister, got Cabinet approval shortly before Christmas for a €15 million emergency bailout package to rescue the charity with payments to be made ...