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.
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Cold, foggy and frosty overnight. Mainly dry to start the new working week
Kerrie brings you Saturday's forecast for Cumbria & The Scottish Borders
Another cold and icy night but cloudier, wetter, windier and milder from the west by dawn