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The new £20 note featuring Turner Contemporary and Margate lighthouse has been unveiled at the gallery today.
Governor of the Bank of England Mark Carney revealed the exciting new design, which features artist JMW Turner and has a large see-through window with a blue and gold foil depicting Turner Contemporary and Margate lighthouse, among other elements associated with the artist.
Mr Carney says the new note, which will be issued for the first time on February 20 next year, celebrates Turner, his art and his legacy "in all their radiant, colourful, evocative glory".
"Our banknotes celebrate the UK’s heritage, salute its culture and testify to the achievements of its most notable individuals," he said.
"And so it is with the new £20 banknote, featuring JMW Turner, launched today at Turner Contemporary in Margate.
"Turner’s contribution to art extends well beyond his favourite stretch of shoreline. His painting was transformative, his influence spanned lifetimes and his legacy endures today."
Director of Turner Contemporary Victoria Pomery says everyone at the gallery, which is named after Turner, a regular visitor to Margate, is thrilled.
"Turner’s legacy runs through everything we do – from our architecture, to our world-class programme of contemporary and historical exhibitions to our work with children and young people," she said.
"Turner Contemporary has been the catalyst for social and economic regeneration in Margate.
"As we approach our 10th anniversary, we remain committed to ensuring that our work continues to transform people and place in exciting, ambitious and innovative ways."
She says the new note builds on Turner Contemporary’s success so far.
The gallery is currently hosting the internationally renowned Turner Prize, showcasing the work of the four shortlisted artists vying for the prize.
In the opening weekend, some 10,000 visitors came to see the exhibitions.