The regatta was first raced in 1947 as the "Colts and Third Eights Regatta", when Desmond Hill the master-in-charge of rowing at
St Edward's School, Oxford, invited the third VIIIs of
Shrewsbury School,
Bedford School and
Radley College to race against St. Edwards in Godstow. The event was repeated annually at a number of locations in the
Thames Valley, and then later at
Pangbourne, until in 1963 when it moved to the Child Beale Trust Estate. With the growth of the regatta and the addition of many more events for junior crews the regatta changed its name to "The National Schools' Regatta" in 1964. In 1973, the regatta moved to the
Holme Pierrepont National Watersports Centre, due to the frequency of unfair weather conditions at the Child Beale Estate, and the ability to hold six lane racing at Holme Pierrepont. Weather conditions continued to be an issue for school rowing and the 2008 edition was cancelled after three 1st VIIIs, entered in the Childe Beale Cup, from
The King's School, Canterbury,
Bedford Modern School, and
Shiplake College, swamped. It was decided by the officials to completely cancel the rest of the racing for both the Saturday and Sunday. The officials were criticised for not cancelling the event earlier and led to calls for the regatta to be moved to
Dorney Lake, where the
2012 Olympics rowing events took place. Owing to Holme Pierrepoint having organised a triathlon over the desired weekend, the organisers were forced to relocate the regatta to
Dorney Lake in 2016, where it was held from 2017 onwards. The event was cancelled in 2020 due to the COVID-19 pandemic. In 2021, Eton College won the 1st, 2nd & 3rd eight events and in 2024 St Paul's School repeated the success; it was the fourth and fifth times respectively that this has been achieved in the regatta's history. In 2025, the event returned to the National Water Sports Centre in Nottingham. After a review of the 2025 regatta, it was announced that the regatta committee had agreed to host the event at Dorney Lake once again for at least 5 years, starting with the 2026 event. The regatta chairman cited capactiy grounds as a leading factor in the decision. == Past winners ==