In search of the right formula for eights events at the Regatta an additional event was instituted in 1990 for eights of single colleges, smaller university boat clubs and schools unable to enter The Princess Elizabeth Challenge Cup by reason of age. The cup was made in 1835 by Charles Fox, and had been engraved with a sketch of the Temple on the island at the start.
The rules are now designed to cater for the majority of the student crews with a number of important restrictions, the intention being that first boats of leading universities' boat clubs should be racing in the 'Ladies' and not the 'Temple'.
This event was due to be introduced in 2020, as a part of the Regatta's expansion to six days, but will now be raced for the first time in 2021.
In 2004 a new 16 boat event was inaugurated open only to crews from universities, colleges and schools. The first winner of the event was a crew from Imperial College London. In 2006, the event was renamed The Prince Albert Challenge Cup and a new trophy was commissioned and donated by Imperial College London.