The Princess Elizabeth Challenge Cup was instituted in 1946 for public schools in the United Kingdom and was opened to overseas entries in 1964; the rules were later modified to include secondary schools.
The inauguration of this race coinciding, as it did, with the first visit to the Regatta of Her Royal Highness The Princess Elizabeth - Her late Majesty Queen Elizabeth II - permission was graciously given to name the trophy 'The Princess Elizabeth Challenge Cup'. The cup now used as the trophy was made in 1802 and given to the Regatta in 1957; the silver base was added in the same year.
The rules for The Princess Elizabeth Challenge Cup have recently been changed to bring the event in line with the three other junior events. The rules now allow all junior rowers, whether rowing for their school or club, to compete in this prestigious event. Entries are restricted to just one crew per school or club. It is still open for schools to enter further crews in The Temple Challenge Cup.
A new event for the 2021 Regatta as a part of the expansion to six days of racing. A crew can only enter if the competitors are eligible members of any one club or secondary school boat club and trained and competed together from the same club throughout the season. No one shall compete who will have attained their eighteenth birthday before the first day of September preceding the event.
The Fawley Challenge Cup was offered for the first time at the Regatta in 1992. Now only open to crews from any one club or school, home and overseas, where no sculler will have attained his eighteenth birthday before the first day of September preceding the event.
The Diamond Jubilee Challenge Cup was instituted in 2012. The event is open to crews from any one club or school, home and overseas, where no sculler will have attained her eighteenth birthday before the first day of September preceding the event. Her Majesty The Queen graciously consented to the event being titled to mark her 60 years on the throne, the year in which the event was instituted.