Oireachtas Joint and Select Committees

Thursday, 20 November 2025

Public Accounts Committee

Exceptional Funding of the Peter McVerry Trust: Discussion

2:00 am

Mr. Tony O'Brien:

I think it is fair to say that since this came to light in 2023, the trust has had considerable support from all its funders. "Support" would not be quite the right word to use in relation to regulators because that is not their function, but they have shown diligence, where appropriate understanding, and given space for improvement to be made. Regarding the Department, the €15 million that has often been referred to as a bailout was a critical loan, which meant the bulk of the services continued in a situation where the Department will effectively receive that €15 million back.

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