The Princess Elizabeth Challenge Cup is a rowing event at Henley Royal Regatta open to school 1st VIIIs.

As the most prestigious race of the school rowing year, the event attracts strong competition both from the UK and abroad.

[3] Ridley College (Canada) remain the most successful North American school in the event having won the PE 5 times in the 1970's.

At the 2023 regatta, the rules for the PE were changed to allow junior crews from clubs as well as schools to enter the event.

[4] The record holder for the event is St Paul's School (London), having finished the course in 6 minutes 06 seconds in the final against Eton College in 2018.