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
Fine, dry Bank Holiday Monday. Turning wet from the south overnight into Tuesday. Showery midweek. Improving on Thursday, but for how long?
Emma brings you Monday's forecast for the Border region
Kerrie brings you Sunday night's forecast