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
A prosecutor has urged a jury to convict bus driver Callum Phillips of causing the death of a Rangers fan by dangerous driving.
The Weeping Window is on tour in tribute to the men from the local area who fought and died for their country 100 years ago.
The driver of a Rangers supporters' bus which crashed on a roundabout killing a fan blamed the brakes when he was interviewed by police.