The Bank of England has received a substantial response to its call for ideas concerning the first major redesign of banknotes in 50 years.
Notably, a significant number of suggestions originated from young people, despite prevailing trends indicating a preference for mobile payments over cash.
“We have received many thousands of responses, with considerable interest and engagement from younger demographics,” stated Victoria Cleland, the Bank of England’s chief cashier, whose signature is present on all banknotes.
The Bank released several examples of submitted designs, including a dolphin, the Sycamore Gap tree (also known as the Robin Hood tree), and the Angel of the North sculpture in Gateshead.
“This reaction demonstrates the importance of banknotes as a means of celebrating the UK and its rich heritage,” Ms. Cleland remarked.
The Bank of England solicited public input on potential themes for the new banknotes, including nature, innovation, and significant historical events.
The public was also invited to propose alternative themes by the end of July.
“The public has shown strong engagement with our six suggested themes, and within these, a wide array of ideas have been proposed, ranging from engineering achievements to folklore, mythology, and transport,” Ms. Cleland elaborated.
This public consultation pertains to the Bank’s next series of banknotes, which will continue to feature an image of the monarch.
The final decision regarding the specific features of the banknotes rests with the Bank’s governor, Andrew Bailey.
Prominent historical figures, such as Sir Winston Churchill on the current five-pound note, have been featured on banknotes since 1970 but may be subject to change.
The monarch has appeared on Bank of England notes since 1960. Images of historical characters, beginning with William Shakespeare, were first introduced on the reverse side a decade later.
Now, the Bank is suggesting that the designs for the next series of notes could evolve. While notable historical figures remain a possibility, other potential subjects suggested by the Bank include:
Banknotes issued in Scotland and Northern Ireland already feature images of landmarks and animals, such as otters. Euro banknotes showcase architectural styles.
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