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£20,000 cash prize returns for RIBA Stirling Prize winner - but not this year

The £20,000 prize for the winner of the Stirling Prize has been resurrected, after a new sponsor was found for the most prestigious award in British architecture

Last year’s victor Witherford Watson Mann walked away without a cheque after its Astley Castle scheme scooped the high-profile accolade. It was the first time since the prize was launched in 1996 that the winner had not picked up any prize money.

Now growing property investor and asset manager Brockton Capital, which manages £650 million-worth of assets, has signed up as the official Stirling Prize sponsor for at least the next three years. From 2015 the award will be renamed the RIBA Brockton Stirling Prize and the prize money will be reinstated then.

The news comes just days after it was revealed that the Royal Academy Summer Exhibition had dropped its cash honour after its sponsor, Lend Lease, pulled out of the annual event. The institution has traditionally handed £10,000 to the best in show and a further £5,000 to the best newcomer.

RIBA chief executive Harry Rich said the involvement of the company signalled a ‘new chapter for architecture’s most significant prize’.

Brockton Capital is currently involved in the redevelopment of the Mailbox in Birmingham with Stanton Williams – winner of the 2012 Stirling Prize. The scheme’s architect, Gavin Williams, said: ‘Brockton Capital’s sponsorship of the Stirling Prize is testament to its status as a client committed to achieving quality in the built environment.’

The full list of 2014 RIBA National Award winners will be announced on Thursday 19 June and feature in a special issue of the AJ next week.

The AJ is the professional media partner for the RIBA Stirling Prize 2014.

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