The final event of the Dorchester Collection Fashion Prize will take place today (October 19) in the Orchid Room at The Dorchester. The event will see the five designers short-listed Louise Goldin, Mary Katrantzou, Chau Har Lee, Hermione de Paula and Thomas Tait display a selection of looks which they consider their best in an exclusive catwalk presentation.

The winner of the Dorchester Collection Fashion Prize will receive £25,000 to enable them to create their next collection as well as accommodation and an event at the Dorchester Collection hotel of their choice.

The judging panel includes Manolo Blahnik, Giles Deacon, The Hon. Daphne Guinness, Stephen Jones, OBE, Yasmin Le Bon, Vanity Fair's contributing editor Elizabeth Saltzman, ES magazine's fashion director Gianluca Longo and Bronwyn Cosgrave.

Congrave, also the Dorchester Collection Fashion Prize chairperson, said: "The spirited contribution of the fashion luminaries who have judged the first Dorchester Collection Fashion Prize over the course of this year has helped make it another milestone in Dorchester Collection's fashion history.

"The calibre of the 69 designers who originally applied for the prize, upon its February 2010 launch, was impressive. In July 2010, our distinguished judging panel selected the shortlist and, no matter what tonight's outcome, they unanimously agree, that the five designers vying for the Dorchester Collection Fashion Prize are among the most gifted fashion designers working in Great Britain."

'New Faces' from Models 1 will walk the show. Paul Herrington, head of artistry for Bobbi Brown UK, will do the make-up and award winning hairdressers Royston Blythe will style the hair. Daniel Pemberton, the BAFTA nominated composer, has arranged the score for the show.