Bank of Scotland to issue new £5 and £10 banknotes on Safeguard®, De La Rue's polymer substrate

Bank of Scotland has announced that it will be issuing new £5 and £10 notes on De La Rue’s Safeguard polymer substrate, including a limited edition £5 to be auctioned to raise money for Bank of Scotland’s Charity of the Year, BBC Children in Need

Monday 1 June 2015: De La Rue is delighted to add the Bank of Scotland to the increasing list of its Safeguard customers.  As announced by the Bank, the design of their new, slightly smaller £5 and £10 banknotes will look similar to the current notes showing Sir Walter Scott and The Mound in Edinburgh.  However some adaptations will be made to exploit the benefits of the Safeguard substrate –the inclusion of a clear window in the banknotes for example.

Whilst the circulating notes will be issued into circulation from the second half of 2016, the first Safeguard banknote will be a one-off limited edition £5 to be issued in November this year.  Just 50 notes will be produced which will be sold at auction to raise money for Bank of Scotland’s Charity of the Year, BBC Children in Need. These notes will feature winning designs from a children’s design competition. 

Commenting on the announcement, Robin Bulloch Managing Director Bank of Scotland said “We take seriously our responsibility to create good quality, genuine banknotes that can be used with confidence.  We are looking forward to working with our partners De La Rue to bring this new project to fruition”.

Ruth Euling, De La Rue’s Global Sales Account Director said “We are pleased and honoured that the Bank of Scotland has chosen to work with us on this exciting new development using our Safeguard substrate.”

Safeguard® is a registered trademark of De La Rue International Limited

ENDS

For information:

Clare Lloyd Williams
Marketing Communications Manager, Currency
Tel: +44 (0) 1256 605000


About De La Rue plc:

De La Rue is a leading commercial banknote printer, security paper maker and provider of security products and software solutions and, as a trusted partner of governments, central banks and commercial organisations around the world, is at the forefront of the battle against the counterfeiter.

As the world's largest commercial banknote printer, De La Rue provides customers with a fully integrated range of sophisticated products and services which are available either individually or as a whole. This includes a leading design capability, production of innovative security components, manufacture of security paper and polymer substrates and sophisticated printing of banknotes, all contributing to trust in the integrity of currencies.

De La Rue is the world's largest commercial passport manufacturer in an environment of increasing global concern over security at national boundaries and border control. De La Rue also produces a wide range of other security products, including tax stamps for governments who are seeking to combat illicit trade and collect excise duties.  Other products include authentication labels, assuring purchasers of product validity, and government identity documents.  In addition the Group manufactures high speed cash sorting and banknote inspection equipment.

The company also provides a range of specialist services and software solutions including government identity schemes, product authentication systems and cash management processing solutions.

De La Rue is listed on the London Stock Exchange (LON:DLAR).

 

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