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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Showers or longer spells of rain. Gales on Sunday
One of the world's most famous locomotives drew huge crowds in Cumbria today, as it arrived after a ten year, £4.2 million, restoration.
One hundred artworks have been donated to an auction, to raise money for victims of flooding in Cumbria.