Inverness Festival Association owns or cares for 90 shields, trophies and cups.  The competitive element of the Festival culminates with the prestigious Premier Competitions.

Trophies may be withheld at the discretion of the adjudicator. Persons awarded trophies are expected to arrange for and meet the cost of engraving by the authorised festival engraver and sign a letter of undertaking for its safekeeping and return. Trophies must be returned as instructed not later than 4 weeks before the start of the festival.