The Bank of England has awarded De La Rue the majority share of its polymer substrate volumes for the £5, £10 and £50 denominations over the next three years, beginning July 2021. De La Rue won a 65% share of the total volume tendered across the 3 denominations.
This is the first time that De La Rue will supply SAFEGUARD® polymer substrate for the £5 and £10 denominations and, following previous awards for £20 polymer supply, means that every Bank of England polymer denomination will now be on De La Rue’s SAFEGUARD® polymer substrate.
We are delighted to have been granted this latest substrate award by the Bank of England. Our operations in Westhoughton and Debden are the cornerstone of our growth strategy for currency and print including the conversion of customers worldwide onto cleaner and more secure SAFEGUARD® polymer banknotes.
Ruth Euling, Managing Director, De La Rue Currency: "This is another significant milestone for De La Rue, and I want to congratulate everyone who worked so hard to make this happen. It is a testament to all the hard work that the Bank of England has such a high level of confidence in De La Rue to award us the majority polymer substrate supply contract for the £5, £10 and £50 denominations."
De La Rue's market-leading Currency division provides fully finished banknotes, secure polymer substrate and banknote security features to half of all central banks and currency issuing authorities around the world.
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