The Bank of England is embarking on its most significant banknote redesign in half a century, inviting the public to shape the future look of the nation’s currency. Thousands of responses have poured in, including a surprising number from young people, despite their well-documented preference for digital payments over cash.
Victoria Cleland, the Bank of England's chief cashier, whose signature graces every banknote, expressed enthusiasm about the engagement. "We have had many thousands of responses and lots of interest and engagement from young people too," she said. "The reaction shows how important banknotes are as a way to celebrate the UK and how much we have to celebrate." Among the diverse design ideas submitted were images of a dolphin, the iconic Sycamore Gap tree—also known as the Robin Hood tree—and the Angel of the North sculpture in Gateshead.
The Bank had initially proposed six themes for the new series of notes: notable historical figures, architecture and landmarks, arts, culture and sport, noteworthy events in history, innovation, and nature. The public was also encouraged to suggest additional themes, with the consultation set to close on July 31, 2025. This open call has sparked a wide range of suggestions, from engineering achievements and folklore to transport and natural landscapes.
Historically, Bank of England notes have featured prominent figures since 1970, beginning with William Shakespeare on the reverse side and followed by others such as Sir Winston Churchill on the current £5 note. The monarch has appeared on notes since 1960 and will continue to do so, with the next series set to feature King Charles III. However, no other living individuals will be depicted.
The final decision on the new designs rests with the Bank’s governor, Andrew Bailey. Depending on the theme selected, the Bank may seek further public input on specific images to be included. This participatory approach underscores the symbolic role banknotes play beyond their monetary function—they serve as a canvas reflecting the nation’s identity and heritage.
Currently, more than 4.7 billion Bank of England notes are in circulation, with a combined value of approximately £86 billion. The existing notes showcase a range of celebrated Britons: Winston Churchill on the £5, Jane Austen on the £10, JMW Turner on the £20, and Alan Turing on the £50. Since 2016, the Bank has transitioned to polymer banknotes, which incorporate advanced security features like see-through windows and holograms to combat counterfeiting.
The rollout of the current "G" series began with the £5 note in September 2016, followed by the £10 in 2017, the £20 in 2020, and the £50 in 2021. The upcoming redesign promises to continue this evolution, blending tradition with contemporary themes that resonate with the public.
Ms. Cleland highlighted the importance of this process: "Banknotes are more than just an important means of payment – they serve as a symbolic representation of our collective national identity and an opportunity to celebrate the UK. I am really keen to hear what themes the public would like to see represented on the next series of notes." This sentiment reflects a broader recognition of currency as a cultural artifact, capable of telling stories about a country’s values, achievements, and natural beauty.
The inclusion of young people's voices is particularly notable given their declining use of cash. Their involvement suggests that banknotes still hold a place in the national conversation, not just as currency but as symbols of heritage and pride.
As the deadline approaches, anticipation builds around which themes and images will ultimately grace the next generation of British banknotes. Will nature’s wonders like the Sycamore Gap tree and dolphins take center stage? Or will innovation and historical milestones dominate the new designs? Only time will tell, but one thing is clear: the Bank of England’s banknotes are about to tell a fresh story of the UK’s rich tapestry.
