The Ivor Novello Awards for songwriting, established in 1955 in Novello's memory, are awarded each year by the The Ivors Academy (formerly the British Academy of Songwriters, Composers and Authors (BASCA)) to British songwriters and composers as well as to an outstanding international music writer. A scholarship in memory of Novello was established at the Royal Academy of Dramatic Art, and in 1952 a bronze bust of him by Clemence Dane was unveiled at Drury Lane. In St. Paul's, Covent Garden, known as the actors' church, a panel was installed to commemorate Novello, and in 1972, to mark the 21st anniversary of his death, a memorial stone was unveiled in St. Paul's Cathedral.