The medal is awarded every year as part of the London Design Festival to a designer who has made a significant contribution to British design and achieved international acclaim for their work.
The medal was established in 2007, and the two previous winners are architect Zaha Hadid and designer Marc Newson.
Smith says, ‘I am really honoured to receive the London Design Medal, especially following such brilliant designers as Marc Newson and Zaha Hadid. Design is a wonderful way to earn a living and it means that every day is full of innovation and excitement. Receiving a medal for something which is such a joy, is brilliant.’
Smith was selected by a judging panel chaired by LDF chairman John Sorrell and also featuring Jeremy Myerson, from the Royal College of Art, and Alice Rawsthorn, design correspondent of the International Herald Tribune.