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Home > News and Publications > Bank of England statement on Polymer Banknotes
 

Bank of England statement on Polymer Banknotes

30 November 2016

We are aware of some people’s concerns about traces of tallow in our new five pound note. We respect those concerns and are treating them with the utmost seriousness.

This issue has only just come to light, and the Bank did not know about it when the contract was signed.

Information recently provided by our supplier, Innovia, and its supply chain shows that an extremely small amount of tallow is used in an early stage of the production process of polymer pellets, which are then used to create the base substrate for the five pound note.

Innovia is now working intensively with its supply chain and will keep the Bank informed on progress towards potential solutions.

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