The Treasury has ignored requests from a military charity hoping to erect a memorial to the Battle of the Atlantic.

The first of two letters was sent in June last year from the Battle of the Atlantic Memorial charity (BOAM) hoping to access LIBOR money, the fund made up of fines levied on the financial sector.

The charity had asked for £2.5 million and highlighted that if the Battle for the Atlantic in the Second World War had been lost, Britain would not have survived the war.

The letter pointed out that the Normandy Memorial, unveiled on June 6 by Theresa May and French President Emmanuel Macron, had received £20 million funding from LIBOR.

Vice Admiral Michael Gretton, then Chairman of BOAM, wrote to the Chancellor stating that “if D-Day deserves LIBOR funding we firmly believe our memorial should receive fine funding too from LIBOR and other funds.

“Without the lionhearted efforts of thousands of men and women from Britain and our allies during the Battle of the Atlantic we would not have been able to fight or feed ourselves – and there would have been no D-Day.”

After nearly a year with no response, current chairman Gary Doyle wrote a second letter to Philip Hammond last month in which he reiterated the case for a memorial, saying: “that there is no memorial to perhaps the darkest struggle [of the war] is a national oversight”.