Cancer Research UK has decided to cut funding to its existing grants and institutes by up to 10%, as well as its national network of Centres by nearly 20% amid the Covid-19 pandemic crisis.

In an open letter to the researcher community, the charity said the cuts equate to £44m. The organisation funds around 50% of the cancer research in the UK.

Cancer Research UK research and innovation executive director Iain Foulkes said: “Covid-19 has left the whole world in uncharted waters. And the unprecedented measures to control the global COVID-19 pandemic have had a huge impact on both our researchers’ ability to carry on in the lab and on our ability to fundraise.

“Faced with a predicted loss of 20-25% of fundraising income, we are forced to look for savings across our current portfolio.”