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Yesterday’s announcement from De La Rue (DLR), a large commercial banknote printer and passport manufacturer based in the United Kingdom, has confirmed that they have signed a new 10 year contract with the Bank of England.

The contract is to print sterling GBP banknotes at the Bank’s note printing facility in Debden, Essex, UK, and will begin in April 2015.

“We are delighted with the Bank of England’s decision to award this prestigious and important contract to De La Rue, following a rigorous selection procedure.  We are looking forward to continuing our successful working relationship with the Bank over the next 10 years.” Philip Rogerson, De La Rue Chairman.

DLR, which has been printing banknotes since 1860, began producing notes for the Bank of England in 2003 when the Bank first outsourced note printing.

Related articles: Bank of England selects De La Rue as preferred bidder

Source: De La Rue