There are lots of prizes to be won for this year's competition, one of which is an original piece of artwork created by a top children's illustrator.
This year, children will take home a framed illustrated cover of their story from Dapo Adeola, Nigel Parkinson, Lydia Monks, Momoko Abe, Rob Biddulph or Yasmeen Ismail.
The illustrations will also be included in a special 500 Words winner's book, which will go home with each bronze, silver and gold winner, in both categories.
You can read more about the illustrators in the slideshow below, to find out what makes them the perfect pick. You can also browse the illustrations from last year's competition here.
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Highlights from the final
Check out the highlights from the 2023/24 grand final.
How to submit
Here's everything you need to know about submitting your 500 Words entry. We can only accept stories that have been submitted via our website.