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The Queen’s Awards for Enterprise: Criteria for entry
This is a summary of criteria for being considered for a Queen’s Award for Enterprise; for comprehensive speci cations visit www.gov.uk/queens-awards-for- enterprise To apply for a Queen’s Award for Enterprise your organisation must meet the following criteria:
● be based in the UK (including the Channel Islands and the Isle of Man);
● le 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;
following categories:
substantial year-on-year growth (without dips) over six years. If you already hold an international trade award you can only apply for a new award for: ● substantial year-on-year growth over six years if you’re in the fth ( nal) year of your current award (granted before April 2014); and ● steep year-on-year growth in overseas sales over three years if you’re in the third, fourth or nal year of your current award (granted before April 2016).
● invention, design or production of goods;
● performance of services;
● marketing and distribution; or
● have at least two full-time UK employees or part-time equivalents; and
● after-sale support of goods or services.
● demonstrate strong corporate social responsibility.
SUSTAINABLE DEVELOPMENT To apply for the Sustainable Development award you must either: ● show how your outstanding sustainable development practices have helped to improve your commercial performance over two years; or ● show how your continuous sustainable development practices have helped to improve your commercial performance over ve years.
Your organisation may be business or non-pro t.
Each award has additional entry criteria, as follows.
INNOVATION Toapply for the Innovationaward, youmust also:
INTERNATIONAL TRADE To apply for the International Trade award, you must also: ● have made a minimum of £100,000 in overseas sales in the rst 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 three years – or
● have an innovation that hasn’t been sold before;
● have had your innovation available on the market for at least two years;
● have recovered all the investments made in your innovation or show that the innovation will recover its full costs in future; and ● show outstanding commercial success as a result of innovation over two years – or continuous commercial success over ve years. Your innovation should be in one of the
Your achievements should be in one of the following categories:
● invention, design or production of goods;
● performance of services; ● marketing and distribution;
www. queensawardsmagazine .com
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