The Christie charity has been informed that the Financial Services Compensation Scheme (FSCS) has decided not to allow its claim for £6.5 million after the collapse of the UK regulated bank Kaupthing Singer and Friedlander (KSF).

The charity will be fighting this all the way and will be applying for a judicial review of the FSCS decision. The charity's legal advice is that there is a very strong case for the money to be returned and will be doing all it can to get the £6.5 million back.

We have a moral and public duty to pursue this approach because this money has been raised by the public, is to be used for fighting cancer and will support future research for the benefit of local people.

At the same time The Christie is continuing to pursue its application for return of £1 million of NHS exchequer money from Ernst & Young, the administrators of the KSF bank and again will be pursuing this all the way.

Caroline Shaw, Chief Executive of The Christie said "We are very disappointed that our application has been rejected. We must now move on to the next stage which is a judicial review aimed at overturning the decision and getting our money returned".

All The Christie approved development plans remain in place. No jobs are affected by this news, nor does it have any impact on services. It does however put under threat future research developments and new buildings.

• The Christie has an annual budget of £153 million. Its charity raises around £13 million each year to help pay for additional patient services, research and new patient developments.

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