This year’s winner was announced at an awards ceremony on 21st July 2021.

The winner of the £50,000 GRAND PRIZE is…

TIMOTHY FOXLEY

with his idea for a “PEOPLE’S REBATE”.

You can read Timothy’s idea here. 

The RICHARD KOCH BREAKTHROUGH PRIZE is an annual essay competition run
by the Institute of Economic Affairs (IEA) and generously sponsored
by British entrepreneur and author Richard Koch.

The competition carries a grand prize of £50,000

On 30th November 2020, the IEA was delighted to announce the fourth RICHARD KOCH BREAKTHROUGH PRIZE. The topic of each year’s essay question is formulated in conjunction with a prominent British MP, who identifies a policy area which they passionately believe is in need of new ideas. The 2020/21 question was developed in collaboration with Dehenna Davison, Member of Parliament for Bishop Auckland, who was also on the judging panel.

In the current severe economic climate, what pro-market, pro-enterprise policy would be the best way of supercharging growth, employment and living standards in ‘left behind’ Britain?

That policy must be both politically possible
and compatible with a free market society.

The 2020/21 competition was launched on 30th November 2020
and closed to entries on Tuesday 2nd March, 2021.

The 2020/21 winner was announced on 21st July 2021. You can find a downloadable link to the winning entry, as well as links to the nine other fantastic finalists, on the main IEA website here.