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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. 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 will be paid to the Christie by the government through the NHS. 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.