CCVEC funds scholarship under land deal

Another unorthodox land deal involving County Cork VEC has emerged and is being scrutinised by the Department of Education.

It involves the long-term lease of a small tract of land in Schull in exchange for CCVEC funding an annual student scholarship in the name of the landholder, Ulrike Crespo.

The deal originally bound CCVEC into a €20,000 per year scholarship for the next 100 years in honour of the Crespo family, who owned the site alongside Schull’s outdoor education centre.