The Commonwealth Short Story Prize is awarded for the best piece of unpublished short fiction (2,000–5,000 words) in English. Regional winners receive £2,500 and the overall winner receives £5,000. Translated entries are also eligible, as are stories written in the original Bengali, Chinese, Kiswahili, Malay, Portuguese, Samoan and Tamil. The competition is free to enter.

http://www.commonwealthwriters.org/our-projects/the-short-story/