[1] Between 2010 and 2019, the winner received a £2,00 prize, as well as a publishing deal with Floris Books' Kelpies imprint.
As such, the prize included "a year of mentoring with the editorial team at Floris Books, along with a publication deal, £1,000 (about $1,215) and a week-long writing retreat".
[4] Winners received "a year of mentoring with the Floris Books design team, as well as a publication deal, £1,000 and a ticket to this year’s Picture Hooks conference".
[3] In 2022, the award was reduced to a £500 cash prize, with 9 months of mentoring.
In 2023, Floris Books paused the Kelpies Prize for Illustration to focus on their Pathways into Children’s Publishing programme.