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The RICHARD KOCH BREAKTHROUGH PRIZE is an annual essay competition run
by the Institute of Economic Affairs (IEA) and generously sponsored
by British businessman 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 will also be on the judging panel.

The 2020/21 RICHARD KOCH BREAKTHROUGH PRIZE is looking for answers.

A grand prize of £50,000 will be awarded for the best and boldest entry answering the question:

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 is open for entries until Tuesday 2nd March, 2021 at 12:00 UK time

The 2020/21 competition is now closed to new entries – we will let you know the results from the first round by 31 March 2021

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