The Booker Prize Foundation has announced the creation of a new award dedicated to children ’s literature , the AP reports. Valued at 50,000 British pounds (approximately 57,400 euros), the prize will recognize outstanding fiction for young readers. Applications will open at the start of next year, with the inaugural award scheduled for 2027. The jury selecting the winner will be composed of both children and adults, led by writer Frank Cottrell-Boyce, who currently holds the British Children ’