TWO innovative firms have been honoured with the Queen's Award for Enterprise.

Tech parking specialist Chipside Ltd, based near Brinkworth, and Lydiard Fields-based Formula 1 supplier Clarendon Speciality Fasteners were among the 201 companies to be nationally recognised with the honour yesterday.

Established in 1965, and considered one of the highest royal awards for business, the four categories celebrate outstanding achievement in innovation, international trade, sustainable development and promoting opportunity through social mobility.

The royal accolade comes only a month after Chipside’s CEO Paul Moorby met the Queen at Windsor Castle to pick up his OBE in person for promoting UK-made technology abroad.

Paul said: “Winning a Queen’s Award for Enterprise Innovation is a fantastic achievement for our company and welcome recognition for the hard work and results I have seen from my team in recent years.

“We have worked hard to digitally transform local government and this is why we continually reinvest in innovation to improve our software suite – introducing new services to customers such as back office notice processing and MiPermit digital permits.

“We look forward to moving forward and continuing to build upon our success, growing as a tech company and improving our services to meet the potential of the UK’s connected cities.”

Chipside provides traffic management software to 160 UK local authorities.

Specialising in providing components for aerospace, motorsports and Formula 1 Clarendon now exports to manufacturers across Europe, South Africa and Thailand and won the award for international trade.

“We are honoured to receive the Queen’s Award for International Trade” said John Hunt, managing director.

“It serves as a testament to all employees whom without their sheer determination and hard work, we would not be in this position today.

“This award comes at an exciting time for Clarendon as we extend our global footprint into new markets and is the UK’s highest accolade for business.”