Sale of Bank of England Banknote Printing Operations

The Court of Directors of the Bank of England has decided to contract out the Bank's printing operations at Debden, Essex, to a commercial company.
Published on 17 December 2002

That will enable the Bank to lower the costs of the supply of banknotes, while for staff it opens up the possibility of bringing in more work to Debden. After exploratory discussions with a number of companies the Bank has selected De La Rue plc. There is to be further consultation with unions and staff, but detailed negotiations will now take place with De La Rue, and definitive contracts are expected to be signed in the spring of 2003, subject to any regulatory approvals which may be required by the UK competition authorities.

PDFPress release

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