09 May 2024

Apply for The King’s Awards for Enterprise

Sam Stephens
Director

About the The King’s Awards for Enterprise

While we’re well known for helping businesses access funding opportunities for their innovative work, for example, R&D Tax Credits and UK and EU Grant Funding; we can also assist businesses to write their applications for awards such as The King’s Awards for Enterprise.

The King’s Awards for Enterprise are for outstanding achievement by UK businesses in the categories of:

  • innovation
  • international trade
  • sustainable development
  • promoting opportunity through social mobility

What happens if your company wins?

If you win you’ll be:

  • invited to a Royal reception
  • presented with the award at your company by one of The King’s representatives, a Lord-Lieutenant
  • able to fly The King’s Awards flag at your main office, and use the emblem on your marketing materials (for example, on your packaging, advertisements, stationery and website)
  • given a Grant of Appointment (an official certificate) and a commemorative crystal trophy

The awards are valid for 5 years.

Winners have reported benefiting from worldwide recognition, increased commercial value, greater press coverage and a boost to staff morale.

Eligibility

To apply for the King’s Award for Enterprise your organisation must:

  • be based in the UK (including the Channel Islands and the Isle of Man)
  • file its Company Tax Returns with HM Revenue and Customs (HMRC)
  • be a self-contained enterprise that markets its own products or services and is under its own management
  • have at least 2 full-time UK employees or part-time equivalents
  • demonstrate strong corporate social responsibility

Your organisation can be a business or non-profit.

Award Categories & Additional Entry Criteria:

Innovation

To apply for the Innovation award, you must also:

  • have an innovation that has not been sold before
  • have had your innovation available on the market for at least 2 years
  • have recovered all the investments made in your innovation or show that the innovation will recover its full costs in future
  • show outstanding commercial success as a result of innovation over 2 years – or continuous commercial success over 5 years

Your innovation should be in one of the following categories:

  • invention, design or production of goods
  • performance of services
  • marketing and distribution
  • after-sale support of goods or services

International Trade

To apply for the International Trade award, you must also:

  • have made a minimum of £100,000 in overseas sales in the first year of your entry and show year-on-year growth
  • prove that your organisation has achieved outstanding growth in overseas earnings relative to your business size and sector
  • prove steep year-on-year growth (without dips) in overseas sales over 3 years – or substantial year-on-year growth (without dips) over 6 years

Sustainable Development

To apply for the Sustainable Development award, you must also:

  • show how you’ve achieved outstanding sustainable development for more than 2 years
  • give evidence of the benefits or positive outcomes of your actions or interventions
  • show how your company and its senior leaders pioneer sustainable development in your sector or community
  • show how you’ve overcome challenges with sustainability that are specific to your sector

You can include examples, such as showing how you’ve:

  • developed an innovative product, service or process that has environmental benefits
  • made sustainability an essential part of your organisation, supply chain or community

Read the United Nations sustainable development goals to identify which goals are relevant to your work.

Promoting Opportunity through social mobility

To apply for this award, your organisation must have a programme that supports people from disadvantaged backgrounds in improving their job skills and their chances of finding work.

This includes doing one or more of the following, for at least 2 years:

  • providing work experience or careers advice
  • mentoring
  • offering interview and job-related training
  • making sure your recruitment process is open to everyone

You’ll need to prove the benefits for:

  • the people you’ve supported
  • your organisation
  • your employees
  • the wider community

You cannot apply if social mobility is the main focus of your organisation.

If you’re a training provider or educational organisation, you can only apply if you do one of the following:

  • apply with a business
  • have a social mobility initiative for your employees

[view the original source of the above information by using this link]

How can TBAT help?

We can help you to write your King’s Award application, for any category.

Our unique skillset and expertise in application writing allows us to assist you to convert your company information into tailored and effective answers to the application questions, identify any gaps and ensure you have answered the questions fully and to the required level of detail.

Please get in touch with our team here, if you’d like to discuss us helping you to write your King’s Awards for Enterprise.

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