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Cancer hospital to get back £6.5m | Cancer hospital to get back £6.5m |
(20 minutes later) | |
The Christie cancer hospital in Manchester is to get back £6.5m which it lost during the Icelandic banking crisis, Hospital bosses have revealed. | The Christie cancer hospital in Manchester is to get back £6.5m which it lost during the Icelandic banking crisis, Hospital bosses have revealed. |
The money was lost when the bank Kaupthing Singer and Friedlander (KSF) collapsed last year. | |
Last month charity workers, cancer patients and their families took a petition with 100,000 signatures to Downing Street to lobby the government. | Last month charity workers, cancer patients and their families took a petition with 100,000 signatures to Downing Street to lobby the government. |
The money is expected to be paid by the government through the NHS. | |
The funds had been raised by volunteers and charity workers. | |
The charity generates about about £13m each year to help pay for extra patient services and research. | |
The Withington-based hospital had applied for a judicial review of the decision after the Financial Services Compensation Scheme (FSCS) turned down its claim in March. | |
A month later a government committee recommended that charities should be compensated for money lost in the Icelandic banking collapse. | |
The hospital had always maintained no jobs would be affected by the loss of money but had said it could have threatened future research or plans for new buildings. | |
The Christie has an annual budget of £153m. |