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Friday, 29 May 2015

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80 new jobs as Cumbria's Innovia signs plastic bank notes contract

Up to 80 jobs will be created after a north Cumbrian firm landed a huge contract.

Plastic bank notes photo
Bank of England's Victoria Cleland with the new plastic £5 and £10 note

Wigton-based Innovia has signed a deal to supply the polymer material for the UK's new-style plastic bank notes.

The company will build an Innovia Security plant next to its existing premises.

This will allow it to produce the Guardian polymer substrate in the same location as it manufactures the base film used to make Guardian.

The new plant is expected to be completed and open by 2016, resulting in between 70 to 80 jobs, said Innovia Group's chief executive David Beeby.

The polymer will be used for the UK's next-generation £5 and £10 notes.

The notes will continue to be printed in Debden, Essex.

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