Charity funds will be repaid to recession-hit cancer hospital
A leading cancer hospital will be repaid £6.5m of charity funds which it lost in the Icelandic economic crisis, according to health bosses.
The Christie Hospital in Manchester lost the cash - mainly given by volunteers and charity workers - after the collapse of the bank Kaupthing Singer and Friedlander last year.
The leading cancer centre, which treats more than 40,000 patients a year, launched a legal bid to recoup the full amount after the Financial Services Compensation Scheme rejected its claim.
NHS North West stepped in to reimburse the hospital with government money, stopping a judicial review from taking place.
Activists delivered a petition with 100,000 signatures to Prime Minister Gordon Brown at Downing Street last month.
NHS North West, the strategic health authority for the region, said it had ‘identified opportunities’ from its government-funded building development schemes to find the cash.
Mike Farrar, chief executive of NHS North West said: ‘This was a unique situation which needed a unique solution and I am pleased we have found a way to provide that for the people in this region.’