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 man involved in a violent burglary while on police bail for leaving a baby home alone has been locked up by a judge
The weekend is hours away - and if you are in Cumbria you have the bonus of it being a Bank Holiday.
Changes to maternity services in Cumbria are "likely", according to the Chief Executive of the NHS Trust that runs the hospitals.