Cash machine operator Bank Machine is trying to get £5 notes into wider circulation in a move championed by the Bank of England.

The company is unveiling what it claims is the UK's first £5 note-only ATM in East London next month and is targeting c-stores.

"Getting fivers back into circulation will be of huge benefit to consumers and retailers.

"No one likes having to pay for a low-cost product with a £10 or even £20 note and no one wants too many heavy £1 coins," said Ron Delnevo, managing director of Bank Machine.

The Bank of England said it welcomed the initiative.