The Queen’s Awards for Enterprise is the most prestigious business awards programme in the world, and as you would expect, securing a coveted Queen’s Award title is not easy. Read on to find out more about what the judges are looking for in each category and see if you’ve got what it takes to become a winner…
What does ‘International Trade’ mean for the Queen’s Awards?
The International Trade category of the Queen’s Awards is also often referred to by its traditional name, the Queen’s Award for Export.
This category welcomes entries from organisations based in the UK who have been successfully growing their sales overseas – whether that’s in one or more foreign markets.
Who can enter the Queen’s Award International Trade category?
Entering the International Trade category is recommended if your organisation has grown year on year in sales, turnover and profit, specifically if that growth has been driven by your international trading strategy.
The Queen’s Awards recognise those who have had a clear business strategy for entering new markets abroad, have overcome the challenges faced by exporters, and have defined their on going methods for continued success.
You can be selling either products or services, but there is an additional requirement for entry to this category; you must be able to show sales of at least £100,000.00 in the first year of entry.
How can you become an International Trade winner in the Queen’s Awards competition?
Can you demonstrate how your organisation is excelling in your marketplace overseas? Have you identified your new markets clearly and created a clear path to delivery of your products or services outside of the UK? And have you maintained and upheld the highest principals of social, economic and environmental activity whilst growing your market? If so you could tick all the boxes for this award.
Which sub-category of the International Trade category should you enter?
Entries must be made in one of the following sub-categories:
Outstanding Achievement (with growth maintained over 3 years) or
Continuous Achievement (with growth maintained over 6 years)
Entries are made up to the end of the last financial year before September 2018.
Note: If you have a dip in your commercial performace one year you should avoid entering over that period as the awards are looking for continued growth – for example if your figures fell in year 4, avoid this by entering over just 3 years. If you cannot avoid showing the dip then you will not be eligible to enter this year.
How many International Trade awards are given each year?
There are over 100 awards given in this category on average across the regions of the UK, many more than in the Innovation or Sustainable Development categories, but this is also relative to the number of entries received. Here are some examples of recent winners:
HiBreeds International Ltd (pictured above) is a hatching egg exporter for the UK poultry industry, acting as intermediary for UK farmers and international clients.
Sepura is a global leader in the design, manufacture and supply of digital radios, systems and applications developed specifically for business and mission critical communications.
Seafast Logistics Ltd provide Worldwide Shipping and Air-Freight solutions, individually designed to meet customer requirements and based in challenging locations.
When is the Queen’s Awards for Enterprise deadline?
It’s noon on 12 September September 2018, but it can take many weeks to pull the information you need together for such a rigorous award, so don’t leave it to late to give yourself a fighting chance, get started today!
Can you enter more than one category?
Yes, so long as you meet all the criteria, take a look at the details here:
How do you get started on your Queen’s Award entry?
If you think you could be eligible for a Queen’s Award entry in the International Trade category and you would like professional assistance we will undertake a free and confidential eligibility check for you based upon your organisation’s commercial achievements over the past 3 – 6 years. We will also discuss what your organisation does and how you might meet the criteria.
Call us today on 01444 230130 for more information or email firstname.lastname@example.org to book your free consultation. We had an incredible 82% success rate for our clients in the last round and we want to build on it – so do be prepared for an honest assessment of your chances of success!