The firm that makes the new plastic £5 note has been bought by a Canadian packaging company for £680 million.
A new plastic £5 note featuring Sir Winston Churchill will begin to appear in people's wallets after going into circulation next week
A factory in Wigton has opened a brand new facility in order to create the substrate polymer that will be used on £10 banknotes
One of north Cumbria's largest employers has announced an investment of £20 million for an extension to their Wigton based plant.
Innovia Films, which is part of the Innovia Group, is using the money to expand their capacity for BOPP films and a ‘state-of-the-art’ gas turbine.
The gas turbine is expected to improve the company's energy efficiency, and will reduce the carbon footprint at the Wigton site by 20%.
Mr David Beeby, who is the CEO of Innovia Group, said:
“This is very exciting news and another step forward in developing our company and supports our ongoing commitment to customer service, innovation and growth.”
Work will begin immediately and the new capacity is due to be fully commissioned by 2015.
A Cumbrian firm is taking part in a challenge highlighting the importance of apprenticeships.
A group of apprentices from Innovia Films in Wigton has been sprucing up a centre in the town used by people with learning disabilities.
As part of the Brathay Apprenticeship Challenge, the company are hoping to encourage more young people to consider apprenticeships as an alternative to further education.
Engineers and electricians have been working to improve the facilities at the Chrysalis Centre.
Greig Hill from Innovia films and Kay Elliot-Irwin from Chrysalis explain the benefits of apprenticeships: