The Theatre Guild of Guyana Ltd, also affectionately known as the 'Playhouse,' has been nurturing dramatic talent since the late '60s. The age old tradition of rewarding talented individuals involved in the Arts for their outstanding work - which had faded into disuse in the early '70s, was revived in 2011 to honour the best performances that were staged at the Playhouse during the year 2010.

A Theatre Guild Award is awarded by the Guild's Award Committee - which consists of members of the Guild. The Guild believes that though a successful performance is in itself a reward, the physical award and ceremony that follows is a celebration to give recognition to every performer, dramatists and playwrights who has produced a play.