The Ministry of Defence has been stripped of work providing security for The Royal Mint, with the private contractor G4S due to take over in July, the FT has reported.

One month following The Royal Mint’s decision to open a coin-making facility in Wales, a spokesperson for the body announced that “new private security team of trained guards” would be taking over its security on 4 July 2016.

The contract will last for five years, with the potential of a two-year extension.

“As a global manufacturer of circulating and commemorative coins, a world-class bullion supplier and the location of the newly opened Royal Mint Experience visitor attraction, the Royal Mint takes the security of its site extremely seriously, and as such our security arrangements are under constant review,” the Royal Mint said.

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