Oct 8, 2015 - a competition which challenged children to design part of the note with the theme 'What does. BBC Children
PRESS RELEASE NOT FOR BROADCAST OR PUBLICATION BEFORE 00:01, THURSDAY 8 OCTOBER 2015
NEW POLYMER BBC CHILDREN IN NEED FIVER UNVEILED Bank of Scotland has unveiled its first polymer banknote, a limited edition fiver which will be going under the hammer to raise money for BBC Children in Need. The banknote was designed by Kayla Robson, a 13 year old school pupil from Dundee who won a competition which challenged children to design part of the note with the theme ‘What does BBC Children in Need mean to you?’. The note will be a one off limited edition, with circulation limited to just 50 notes to make it popular among collectors, and hopefully raise as much money for BBC Children in Need as possible. The charity’s iconic mascot, Pudsey Bear makes a special guest appearance on the note with Kayla’s design depicting him raising a Saltire. The serial numbers on the note will also be unique with the first 40 notes using the serial code PUDSEY01 – PUDSEY40. The remaining 10 banknotes will be available for personalised serial numbers such as initials and date of birth. Given the rarity of the notes it is likely they will be sold for hundreds of pounds more than their face value. Most of the notes will be auctioned in December by the prestigious auction house Spink’s, renowned for its sales of banknotes and coins. Annette Barnes, Bank of Scotland managing director (retail) said: “This new five pound note is brighter and bolder than most other banknotes in circulation and really brings to life what BBC Children in Need means to so many people. Kayla did a fantastic job with her design and I am delighted to see how we have been able to incorporate it into our first polymer banknote. It is the first time a child’s design has been used to create any UK banknote and we hope to raise lots of money for BBC Children in Need.” The designer of the note Kayla Robson said: “I am very excited to see my design on the new £5 note. Art has always been one of my favourite subjects but I never expected one of my drawings to end up on a banknote.” Earlier this year the bank announced that its next £5 and £10 banknotes will be printed on polymer. The design of the main replacement polymer £5 note will be unveiled early 2016 with the note itself issuing in the second half of the year. It will be followed around a year later by the polymer £10 note. All the new polymer notes will be printed on De La Rue’s Safeguard® polymer material. Bank of Scotland, as part of Lloyds Banking Group, is BBC Children in Need’s first ever Principal Partner and exclusive fundraising partner in schools. -EndsNotes to Editors: 1. The competition to design the note was held earlier this year and attracted over 4,000 entries from children across Scotland. 2. The winner, Kayla Robson is in S2 at Morgan Academy, Dundee. Bank of Scotland plc is registered in Scotland no. SC327000. Registered office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
3. Polymer is a thin flexible plastic film, replacing the cotton paper used for notes currently in issue. The notes will be slightly smaller with the new £5 note measuring 125 x 65 mm compared to the current 135 x70mm. 4. Polymer banknotes are secure. They incorporate advanced security features making them difficult to counterfeit and further enhancing the strong security of Bank of Scotland banknotes. They are also more durable lasting at least 2.5 times longer than paper banknotes so will take much longer to become “tatty”, improving the quality of banknotes in circulation. 5. Bank of Scotland was one of the first banks in Europe to successfully issue banknotes, a year after it was founded by an Act of Parliament in 1695. 6. The last design of Bank of Scotland notes were issued in 2007 and featured the common theme of Scottish bridges. 7. There have been 47 previous separate series of notes issued by Bank of Scotland. 8. The new notes were designed by De La Rue in partnership with Bank of Scotland. 9. On any given week Bank of Scotland has around £1,068mn in circulation. About Lloyds Banking Group’s Principal Partnership with BBC Children in Need BBC Children in Need is Lloyds Banking Group’s Charity of the Year for 2015 and 2016. Colleagues are supporting one of Britain’s best loved children’s charities through a variety of fundraising and volunteering opportunities.
The three year partnership with BBC Children in Need sits right at the heart of the Group’s strategy to Help Britain Prosper. Lloyds Banking Group is committed to helping the charity support UK schools and millions of children with fundraising and key skills development. This is expected to double donations raised through schools by 2017.
About BBC Children in Need The BBC Children in Need Appeal is a charity registered in England and Wales (802052) and Scotland (SC039557) whose aim is to make a positive change to the lives of disadvantaged children and young people across the UK. It realises this vision by supporting, promoting and publicising work that addresses the challenges that children and young people face, working to build their skills and resilience.
The charity currently supports c.2,600 projects that are working with children facing a range of disadvantages for example, poverty and deprivation; children who have been the victims of abuse or neglect or disabled young people.
For further information: Andrew McIntyre, Bank of Scotland Press Office 0131 655 5397
[email protected]
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