The new plastic Bank of England bank notes are almost certainly going to be manufactured right here in our region.
It'll mean a new 20 million pounds factory will be built in West Cumbria, creating around 80 new jobs.
Innovia Security in Wigton is close to signing the contract to supply the material for the new-style five and ten pound notes, which will be brought into circulation in two years' time. Matthew Taylor reports.
Plastic notes are the next step in the evolution of banknote design, the Governor of the Bank of England said after announcing that the next £5 and £10 banknotes will be printed on polymer, rather than on the cotton paper used for notes currently in issue.
"Ensuring trust and confidence in money is at the heart of what central banks do. The quality of polymer notes is higher, they are more secure from counterfeiting, and they can be produced at lower cost to the taxpayer and the environment."