It has today been announced that the Bank of England (BoE) has selected De La Rue as the preferred bidder in the tender for its banknote printing contract starting in April 2015.
The BoE advised that De La Rue had been awarded the contract “as a result of scoring highest in the Bank’s evaluation process for the procurement which was based on identifying the most economically advantageous tender.” De La Rue will now work with the Bank of England during the next few weeks to ensure that it complies with the Bank’s due diligence checks, after which the contract will be officially awarded in October this year.
This follows an announcement by the BoE in March 2014 that it had entered into a contract with Innovia Security to supply the polymer material for the next £5 and £10 banknotes. De La Rue will print the new notes at the Bank’s facility in Debden, Essex, on this substrate. De La Rue is currently printing banknotes for the Bank of England in a contract due to finish in March 2015.
De La Rue began printing notes for the Bank of England in 2003 after the Bank outsourced its banknote printing.