Established in 2004 to mark the installation of HRH The Prince of Wales as an Honorary Freeman of the Company on 21st November 2003, a silver medal and an honorarium to recognise the most promising young instrumentalist or singer amongst the Company’s Award winners. Applications are invited annually from the current winners of certain Company prizes and scholarships. The first round is judged from performances on recorded media. Finalists compete publicly at a venue in London.

The Prize received a generous endowment in 2015 from Sir Evelyn de Rothschild’s Eranda Rothschild Foundation and Rothschilds’ Bank, in memory of Leopold de Rothschild (a Liveryman of the Company for over fifty years).

Recent winners:

• 2023 – Gonçalo Maia Caetano (guitar) (Prudi Hoggarth Audience Prize – Patrick Alexander Keefe)
• 2022 – Laura Peresivana (soprano)
• 2020 and 2021 – Competition not held
• 2019 – Elliot Gresty (clarinet)
• 2018 – Ariel Lanyi (Piano)
• 2017 – Jamal Aliyev (Cello)
• 2016 – Yoon-Kyung Cho (Cello)
• 2015 – Ke Ma (Piano) 
• 2014 – Joseph Shiner (Clarinet)
• 2012/13 – Ashley Fripp (Piano) 
• 2011/12 – Fraser Langton (Clarinet)
• 2010/11 – Duncan Rock (Voice) 
• 2009 – Ksenija Sidorova (Accordion)
• 2008 – Brian O’Kane (Cello)
• 2007 – Miloš Karadaglic (Guitar)
• 2006 – Amy Dickson (Saxophone)
• 2005 – No award
• 2004 – Thomas Walker (Voice)