By Daniel Hunter

The next £20 note will be made out of plastic, the Bank of England has confirmed.

The central bank said the next design, which is due to be brought into circulation in 2020, will be made from the same flexible polymer as the new, plastic £5 and £10 notes.

The first plastic £5 notes will be available from 2016, featuring former Prime Minister Winston Churchill. A year later, a plastic £10 note featuring Jane Austin will be brought into circulation.

The Bank of England believes that the plastic notes stay cleaner for longer, and are safe than the current cotton paper notes that have been used for more than 100 years.

The new £20 note will celebrate a British artist, but the Bank of England received nearly 30,000 nominations. The Bank's governor, Mark Carney, will make the final decision.