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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Scottish Borders Council's two options were to place the tapestry in Galashiels, or at the end of the Borders Railway in Tweedbank.
The Environment Agency is encouraging landowners to plant areas of woodland to help prevent events like Storm Desmond happening again.
Figures from Cumbria Tourism reveal record occupancy figures across the county over the summer, despite Brexit and post-flood fears.