This year's competition theme is Journeys, chosen by Brighton Festival Guest Director Rokia Traoré, who commented:
"I want my journey to be a shared experience and feel responsible to share that journey with young people.
"Brighton Festival allows its audience to travel and learn about the rest of the world through the stories and journeys of its guests without leaving Brighton, which is extended to young people by the Peacock Poetry Prize."
The competition is open to young residents of Brighton & Hove, East and West Sussex aged between 8 and 19 years.
Each budding writer can enter up to three poems with a maximum length of 20 lines, with participants divided into three age groups: 8-11, 12-15 and 15-19 years.
Finalists will be invited to a tea party and prize giving with friends and family at Brighton Dome on Thursday 23rd May at 5pm when the winners of each age category will be announced.
Pippa Smith, Brighton Festival's Children and Family Producer added:
"The Peacock Poetry Prize offers a great opportunity for young people to have their writing appraised and appreciated by our panel of judges.
"The theme of journeys can be literal or abstract, whether it"s about a favourite stroll or the distance between you and your dreams, we want to walk alongside these young poets through every step of their creative imagination."