New £50 note aims to inspire a generation of entrepreneurs and inventors

Images of the inventor of the steam engine, James Watt and the man who commercialised it Matthew Boulton, will appear on the reverse of the new £50 notes that enter circulation today.

Bank of England Governor, Mervyn King says, "Boulton and Watt's steam engines and their many other innovations were essential factors in the nation's Industrial Revolution. The partnership of an innovator and an entrepreneur created exactly the kind of commercial success that we will need in this country as we rebalance our economy over the years ahead."

It's the first time two people have appeared on the reverse of a note and is a fitting tribute to the pair.

The new £50 that also comes with fresh security features to help prevent counterfeiting.

Chief cashier of the Bank of England, Chris Salmon says, "The new £50 will deliver a significant update in security features, carrying eight features for cash users compared to the five of its predecessor.

For more information click here

Big thanks to our friends the British Library Business & IP Centre for passing on this story. It has some brilliant events as part of Global Enterprise Week starting next Monday. Click here to find out more.

We use cookies to create the most secure and effective website possible for our customers. Full details can be found here