By Marcus Leach

The Queen Elizabeth Prize for Engineering is a new global award which celebrates truly outstanding advances in engineering that have created significant benefit to humanity.

The £1 million Prize will be awarded in the name of Her Majesty The Queen to an individual or team of up to three people, of any nationality, directly responsible for advancing the positive application of engineering knowledge.

The Prize will recognise and celebrate the best — and also serve to illuminate the sheer excitement of modern engineering.

The Prize will be international and will be awarded biennially, the first being presented in Spring 2013.

The Prize is the result of a growing realisation within political, business and engineering circles of the need for a pioneering initiative based in the UK to focus attention on engineering worldwide.

The Prize has the strong support of both Government and Opposition leaders in the UK, is generously supported by a range of top engineering companies and is warmly welcomed by the whole of the UK engineering community.

The Prize will recognise and celebrate the best and also serve to illuminate the sheer excitement of modern engineering. It will provide an unparalleled opportunity to demonstrate how engineers and engineering are making a real difference across the world.

“I am delighted that the Queen has put her name to this prestigious prize, which I hope will carry the same stature as the Nobel Prizes and I want to thank the Royal Academy of Engineering and the prize sponsors for making this happen," the Prime Minister, Rt Hon David Cameron MP, said.

“For too long Britain's economy has been over-reliant on consumer debt and financial services. We want to rebalance the economy so that Britain makes things again - high-skilled high-value manufacturing and engineering should be a central part of our long term future. I hope this prize will go some way to inspire and excite young people about engineering, so that they dream of becoming engineers as they once did in the age of Stephenson and Brunel.”

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