The Bank of England has selected De La Rue as its preferred bidder in the tender for its banknote printing contract.
The Bank of England started a formal public procurement process in November 2012 for the printing of the Bank’s banknotes at the Bank’s facility in Debden, Essex. Following the receipt of bids in June 2014, the Bank has now completed a thorough evaluation of the submitted bids.
Subject to successful completion of assurance activities in respect of the company’s bid, finalisation of the contract, and the final award decision by the Court of the Bank of England, the Bank expects to sign the contract in October.
The Bank of England first outsourced its banknote printing in 2003 which De La Rue won following a tender process. The minimum term for the current contract ends in March 2015.
The Bank announced 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.
