The Folio Prize on Hold Next Year

By Dianna Dilworth 

The Folio Prize, “the first major English language book prize open to writers from around the world” that aims to celebrate “the best fiction of our time” has been suspended for a year due to lack of sponsorship.

The Folio Society revealed the news on its website explaining that they have decided not to run the prize in 2016. Check it out:

Instead, we are concentrating our resources on another promising development for the spring, while at the same time exploring how the Prize might best fulfil its aim of bringing great books to readers in the future. We passionately believe there remains a place for a prize that is, uniquely, run by writers, and we intend to return with a full-scale Prize in 2017. News on our plans for spring 2016 will follow soon.

The Guardian has more: It was announced in spring that publisher the Folio Society would not be renewing its backing after two years, during which the £40,000 award was won by the short story writer George Saunders and novelist Akhil Sharma.