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 elderly woman in the Scottish Borders has been defrauded of over £40,000 after receiving a call which claimed to be from her bank.
The man, out walking with a partner, landed on to rocks as he fell down the main footpath from Swirls car park to Helvellyn summit.
Emma Jesson brings you Sunday night's forecast