Council agrees €200k loan for Cork film festival
Cork City councillors last night voted 18-8 in favour of extending the loan to the board of the cash-strapped Cork Film Festival, which was at immediate risk of receivership. The interest-free loan will be repayable over the next eight years.
The vote to save the festival was taken after councillors debated a proposal from the chair of the council’s arts committee, Nicholas O’Keeffe, to extend the loan.
