80 jobs will be created in Wigton at a company that will produce the Bank of England's new five and ten pound notes.
Innovia Security will spend 20 million pounds on a new factory to make the bills in 2016.
The first new-style polymer-plastic five pound note will feature the face of Winston Churchill.
A year later the polymer ten pound note featuring Jane Austen will come into circulation.
More top news
An investigation by ITV News has found the breast screening unit at Morecambe Bay Hospitals Trust missed 14 cancers between 2005-2011.
A man who stole around £200,000 worth of clothing from his employer has been jailed for almost two years.
The Jim Clark Rally, which is being held away from public roads for the first time in nearly 20 years, is set to get underway this weekend.