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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ITV Border has learnt police officers are being called on "an almost daily basis" to help transfer patients from west Cumbria to Carlisle.
A teenage driver who led police on a high-speed chase through a residential area of Carlisle has been sentenced.
An inquest into the death of two people at north Cumbrian hospital has concluded that systematic failures and negligence were to blame.