Cork Film Festival back on sound financial footing one year on from emergency bailout

Ireland’s longest-running film festival has cleared all of its legacy debt a year on from an emergency €200,000 bailout.

Cork Film Festival, which was on the brink of financial collapse last year, is on a sound financial footing, city councillors have been told.

Its board has met all of its obligations so far under the terms of the loan, which was approved by the city council in May 2016.