The public competition, which has been organised by the Spitfire Tribute Foundation and backed by The Sunday Telegraph, will see the winning entry being built on the waterfront of Southampton, the city where the fighter plane was designed and crafted.
The winner of the competition will be chosen by members of the Spitfire Tribute Foundation as well as a group of designers and engineers. It is thought that the shortlist will be revealed in time to coincide with celebrations of the 70th anniversary of the Battle of Britain on 15 September.
The contest received more than 200 entries and readers of The Sunday Telegraph have contributed more than £7000 to the project, according to the newspaper.
It is hoped that the memorial will be completed by the end of next year to coincide with the 75th anniversary of the fighter plane’s test flight. Other entries will be on display as part of an exhibition at the Solent Sky Museum in Southampton.