What will the new banknotes look like?

The Bank of England has been inundated with responses to its call for ideas for the first major redesign of banknotes in half a century. Despite the declining use of cash among younger generations in favor of mobile payments, there has been a significant level of engagement from young people in submitting their suggestions.

Victoria Cleland, the Bank’s chief cashier, expressed excitement over the thousands of responses received, particularly highlighting the interest from young individuals. Designs proposed by the public include iconic British symbols such as a dolphin, the Sycamore Gap tree (known as the Robin Hood tree), and the Angel of the North sculpture in Gateshead.

“The response underscores the significance of banknotes as a means to celebrate the UK and its rich heritage,” stated Ms. Cleland. The Bank of England sought public input on potential themes for the new banknotes, with suggestions ranging from nature and innovation to pivotal historical events. The deadline for submitting ideas for original themes is set for the end of July.

Participants in the consultation process have proposed a diverse range of themes, encompassing engineering achievements, folklore, mythology, and transportation. The Bank’s upcoming series of banknotes will continue to feature an image of the monarch, with the final decision on the design resting with Bank governor Andrew Bailey.

The current iteration of banknotes in circulation showcases notable historical figures, like Sir Winston Churchill on the five-pound note. However, the Bank is contemplating a shift towards a new theme for the next series of notes. In addition to historical figures, potential subject matters being considered include architecture, arts, culture, sports, historical events, innovation, and nature.

Banknotes issued in Scotland and Northern Ireland already incorporate images of landmarks and wildlife, while Euro banknotes feature various architectural styles. The redesign of banknotes presents an opportunity to showcase the rich tapestry of British history, culture, and innovation, reflecting the diverse and dynamic nature of the nation.