MANCHESTER'S world-famous cancer hospital, The Christie, will not get back £6.5m of charity cash invested in a failed Icelandic bank. Now it will take legal action against Financial Services Compensation Scheme (FSCS) - the body which decided that it was not eligible to get its money back. The cash - most of it donated by patients and their families - was lost when the Kaupthing Singer and Friedlander (KSF) bank collapsed. The bank held the highest possible safety rating and offered the best interest rates when The Christie was advised to invest there. The lost cash was earmarked to pay for two new satellite radiotherapy centres in Salford and Oldham. Bosses have juggled their finances to fund these schemes but say they will now be unable to pay for planned cancer research projects including one with the University of Manchester. Hospital bosses are also trying to recover a further £1m of public funding through the bank's administrators.
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