CCL Secure signs contract with Bank of England for the next £20 polymer banknote
5 October 2017
London, United Kingdom - CCL Secure is delighted to announce that it has entered into a ten-year contract with Bank of England to supply the polymer substrate for the next £20 banknote, to be issued in 2020 featuring the artist J.M.W. Turner.
Under this contract, the first call-off volume has been awarded 75% to CCL Secure Limited, with next call-off taking place in 2021.
Vice President and Managing Director of CCL Secure, Bernhard Imbach, said: “We are extremely honoured that the Bank of England has selected Guardian™ polymer as the initial main substrate for the next £20 note and we are looking forward to continuing working closely with the Bank in bringing cleaner, safer, stronger banknotes to the British public.”
CCL Secure has been partnering with the Bank of England for over four years as the sole polymer substrate supplier for the Bank’s current £5 and £10 notes. We have greatly assisted the design process and provided technical support in printing, foiling, substrate representation, testing and process improvement to the Bank and other industry suppliers.
CCL Secure’s Guardian™ polymer substrate for the £20 will also be produced in the state-of-the-art facilities in Wigton, built specifically to support the Bank of England’s new polymer family as part of an overall investment programme of over £40 million, which included Innovia Films’ new Clarity™C production line – the high-security base film used to make Guardian™.
Thorough documentation explaining the Bank's decision to move to polymer can be found on the Bank’s website.
For more information:
T +61 3 9303 0709