The T. S. Eliot Prize for Poetry is a prize for poetry awarded by the T. S. Eliot Foundation. For many years it was awarded by the Eliots' Poetry Book Society (UK) to "the best collection of new verse in English first published in the UK or the Republic of Ireland" in any particular year. The Prize was inaugurated in 1993 in celebration of the Poetry Book Society's 40th birthday and in honour of its founding poet, T. S. Eliot. Since its inception, the prize money was donated by Eliot's widow, Mrs Valerie Eliot and more recently it has been given by the T. S. Eliot Estate. The T. S. Eliot Foundation took over the running of the T. S. Eliot Prize in 2016, appointing as its new director Chris Holifield (formerly director of the Poetry Book Society), when the former Poetry Book Society charity had to be wound up, with its book club and company name taken over by book sales agency Inpress Ltd in Newcastle. Holifield retired at the end of June 2022 after 20 years in the post, being replaced by Mike Sims. The winner now receives £25,000 and the ten shortlisted poets each receive £1,500, making it the United Kingdom's most valuable annual poetry competition. The Prize has been called "the most coveted award in poetry".The shortlist for the Prize is announced in October of each year, and the 10 shortlisted poets take part in the Readings at the Royal Festival Hall in London's Southbank Centre on the evening before the announcement of the Prize. Two thousand people attended the 2011 reading. Source: Wikipedia (en)