Page 14 - QueenAwardsMagazine2017

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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;
● have at least two full-time UK employees or part-time equivalents; and
● demonstrate strong corporate social responsibility.
Your organisation may be business or non-pro t.
Each award has additional entry criteria, as follows.
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
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).
INNOVATION
To apply for the Innovation award, you must also:
● 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
following categories:
● invention, design or production of goods; ● performance of services;
● marketing and distribution; or
● after-sale support of goods or services.
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 achievements should be in one of the following categories:
● invention, design or production of goods; ● performance of services;
● marketing and distribution;
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