UK’s first plastic banknote enters circulation

Scotland’s Clydesdale Bank has launched the first fully polymer banknote to enter circulation in Great Britain.

The new £5 banknote, available from Clydesdale Bank branches from today, is made of a more durable material than existing paper notes, and two million will be issued.

The note features designs of the Forth Bridge, and its launch coincides with the 125th anniversary of the landmark’s opening. A limited edition commemorative note will also feature a portrait of engineer Sir William Arrol, whose company constructed the bridge.

The new £5 is smaller than existing notes of that denomination, has been designed by De La Rue plc and is the first in Europe to be manufactured on the firm’s innovative Safeguard polymer substrate.

In a UK first, the note will also include a Spark Orbital security feature. This appears as shiny ink in the shape of Scotland over a transparent window, and changes colour as the note is moved and tilted.

Debbie Crosbie, acting CEO of Clydesdale Bank, said: “We take our responsibility as an issuer of banknotes seriously and are extremely proud to once again be leading the way in innovation.

“Our new polymer notes are more durable and secure, which will deliver a positive impact for the public and businesses. We have achieved that while also creating a striking and beautiful design which celebrates an iconic Scottish landmark.”

Clydesdale Bank has been issuing banknotes since 1838 and is the largest issuer in Scotland, introducing around £400 million of new notes every year.

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