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.