The British Film Institute will award David Cronenberg, director of A Dangerous Method, and Ralph Fiennes, director of Coriolanus, a BFI Fellowship each. It’s the highest award the BFI can offer. Previous fellows include Clint Eastwood, Elizabeth Taylor and David Lean. This year’s ceremony will take place at LSO St Luke’s on October 26. A Dangerous Method and Coriolanus will both screen at this year’s London Film Festival, which runs October 12-27.

Meanwhile, the BFI has announced which films are in the running for the Best Film Award. 360, The Artist, The Deep Blue Sea, The Descendents, Faust, The Kid With A Bike, Shame, Trishna and We Need To Talk About Kevin will all be competing. Director John Madden (The Debt) will chair the Best Film Award jury, whose other members are actress Gillian Anderson, writer/director Asif Kapadia, producer Tracey Seaward, writer Andrew O’Hagan and director Sam Taylor Wood. Jury members on other panels include producers Andy Harries (The Lady) and Stephen Woolley (Made In Dagenham) and Andrew Eaton (Trishna).

London – 4 October 2011: The 55th BFI London Film Festival is delighted to announce the shortlists and juries for the 2011 Festival Awards, supported by MontBlanc, which will take place at LSO St Luke’s on 26 October.

At this year’s ceremony, the BFI will bestow its highest honour, the BFI Fellowship, on David Cronenberg and Ralph Fiennes. The original and provocative Canadian filmmaker David Cronenberg is internationally renowned for films exploring the darker impulses and inner lives of his characters. His distinctive films have gone beyond the science-fiction genre and have had a powerful and enduring influence on contemporary filmmakers. His impressive list of credits includes The Fly, Videodrome, Scanners, Naked Lunch, Crash, Eastern Promises, The History of Violence and premiering at this year’s festival, A Dangerous Method. David Cronenberg said “This is a monumental, in fact overwhelming, honour, and my being the first Canadian to receive it makes it all the sweeter. British cinema has been a potent inspiration for me, and to be associated with this particular group of filmmakers is tremendously exhilarating.”

Ralph Fiennes is one of Britain’s pre-eminent actors, who has achieved a singular career in which he manages to command equal respect among theatre-goers, lovers of art-house film and audiences for international blockbusters. With Coriolanus, featured in competition in the Berlin Film Festival 2011 and selected as a Gala screening in this year’s LFF, he has made a bold and critically well received transition to film directing. In addition to his portrayal of Lord Voldemort in the Harry Potter films, his extensive acting credits include The End of the Affair, The Reader, Strange Days, Spider, Quiz Show, The English Patient, The Constant Gardener and Schindler’s List. Ralph Fiennes said “I’m extremely honoured and delighted to be given this fellowship by the BFI”

The Best Film Award, presented in partnership with the festival’s headline sponsor American Express, celebrates original, inventive and distinctive filmmaking in the festival. The initial shortlist was drawn up by Artistic Director Sandra Hebron and the programming team, and will be judged by the Oscar-nominated director John Madden, Emmy and Golden Globe winner Gillian Anderson, the BAFTA-winning writer and director Asif Kapadia, Oscar-nominated and BAFTA-winning producer Tracey Seaward, writer Andrew O’Hagan and the Turner Prize-nominated YBA and film director Sam Taylor Wood OBE.

This year’s shortlist is:

360, Fernando Meirelles, UK/Austria/France/Brazil
THE ARTIST, Michel Hazanavicius, France
THE DEEP BLUE SEA, Terence Davies, UK
THE DESCENDANTS, Alexander Payne, USA
FAUST, Aleksandr Sukurov, Russia
THE KID WITH A BIKE, Luc & Jean-Pierre Dardenne, Belgium/France/Italy
SHAME, Steve McQueen, UK
TRISHNA, Michael Winterbottom, UK
WE NEED TO TALK ABOUT KEVIN, Lynne Ramsay, UK/USA

The award for Best British Newcomer is presented in partnership with Swarovski and honours new and emerging film talent, recognising the achievements of a new writer, producer, director, actor or actress. This year’s jury comprises the BAFTA-nominated actress Anne-Marie Duff, actor Tom Hollander, producer and director of the National Film and Television School Nik Powell, Oscar-nominated and BAFTA-winning producer Andy Harries, Radio 1 and Channel 4’s Vue Film Show presenter Edith Bowman and Oscar-nominated and BAFTA-winning producer Stephen Woolley. Jury chair Andy Harries said “Tomorrow’s UK film business is all about the young and exciting talent that is emerging today. There’s loads of it and the annual London Film Festival remains a brilliant showcase for really great new actors, directors and producers to shine.”

The shortlist for Best British Newcomer is:

Nick Murphy, Director, THE AWAKENING
Tinge Krishnan, Director, JUNKHEARTS
Candese Reid, Actress, JUNKHEARTS
Nirpal Bhogal, Writer/director, SKET
Aimee Kelly, Actress, SKET
Tom Cullen, Actor, WEEKEND
Chris New, Actor, WEEKEND
D.R. Hood, Writer/Director, WRECKERS

The Jury for the prestigious Sutherland Award, presented to the director of the most original and imaginative feature debut in the festival includes Turner Prize nominee Phil Collins, producer Andrew Eaton, director Joanna Hogg, BAFTA-winning director Peter Kosminsky, actress Saskia Reeves, Hugo Grumbar, managing director (International) Icon UK Group, and film journalist Tim Robey. Peter Kosminsky said “I’m absolutely thrilled to have been asked to join this year’s Sutherland Jury by the BFI. The support of the BFI London Film Festival is a vital lifeline for new filmmakers struggling to achieve visibility in a crowded cinematic world. I am delighted to play a small part in assisting new talent to break through in this way”.

The previously announced Sutherland shortlist is:

CORPO CELESTE, Alice Rohrwacher, Italy/Switzerland/France
ETERNITY, Sivaroj Kongsakul, Thailand
HERE, Braden King, USA
THE HOUSE, Zuzana Liová, Czech Republic
LAS ACACIAS, Pablo Giorgelli, Argentina/Spain
LAST WINTER, John Shank, Belgium/France
MICHAEL, Markus Schleinzer, Austria
MOURNING, Morteza Farshbaf, Iran
SHE MONKEYS, Lisa Aschan, Sweden
SNOWTOWN, Justin Kurzel, Australia
THE SUN-BEATEN PATH, Sonthar Gyal, China
WITHOUT, Mark Jackson, USA

The Grierson Award for Best Documentary, a partnership between the Grierson Trust and the Festival, recognises outstanding feature-length documentaries of integrity, originality, technical excellence or cultural significance. The Award is presented in commemoration of John Grierson. Two-time BAFTA winner Adam Curtis will chair the jury, which also includes documentary filmmaker Kim Longinotto, Mandy Chang of the Grierson Trust, and Charlotte Moore, Head of Documentary Commissioning at the BBC.

This year’s shortlist is:

BERNADETTE: NOTES ON A POLITICAL JOURNEY, Lelia Doolan, Ireland
BETTER THIS WORLD, Katie Galloway, Kelly Duane de la Vega, USA
THE BLACK POWER MIXTAPE 1967-1975, Goran Hugo Olsson, Sweden/USA
DRAGONSLAYER, Tristan Patterson
DREAMS OF A LIFE, Carol Morley, UK/Ireland
INTO THE ABYSS: A TALE OF DEATH, A TALE OF LIFE, Werner Herzog
LAST DAYS HERE, Don Argott & Demian Fenton, USA
WHORES’ GLORY, Michael Glawogger, Austria/Germany

For all of Deadline's headlines, follow us @Deadline on Twitter.