On 5 October 1992, No. 74 (Reserve) Squadron stood up with the Hawk T.1 as part of No. 4 Flying Training School at RAF Valley in the weapon instruction role. At the 1993 Tiger Meet, No. 74 (R) Squadron won the coveted 'Silver Tiger' trophy while competing against the likes of Spanish Mirage F1s and Belgian F-16s; as Flt. Lt. Will Jonas said, "Not bad for a training unit eh?!" With the rationalisation of No. 4 FTS to just two squadrons, No. 74 (R) Squadron was disbanded on 22 September 2000. Upon disbandment, the squadron Standard was laid up at RAF College Cranwell in the rotunda of the College Hall Officers’ Mess.