The £15m scheme was undertaken along a 1.7km stretch of the River Don corridor between Templeborough and Rotherham town centre in South Yorkshire as the first phase of a community-wide scheme.
Works included the provision of hard flood defences, new flood compensation capacity on a former derelict piece of industrial land, removal of existing redundant facilities on site and construction of a new urban wetland park providing new public access to the river.
The BURA judging panel said of the scheme: "A very impressive project involving extremely effective and sympathetic design and construction. This is a great scheme with clear support from the pubic sector, local council, Yorkshire Forward and the Environment Agency and should act as a catalyst for further regeneration, bringing huge benefits to the town."
The Templeborough to Rotherham project is a partnership between Rotherham Council, the Environment Agency and Yorkshire Forward with European funding through Objective 1 ERDF.
The project was also commended in the Natural Environment category at the awards.
Alan Robertson, acting managing director at VolkerStevin, said: "We are pleased that the Templeborough to Rotherham Scheme has been recognised as adding value to the renaissance of our waterways in the UK. Whilst the project provides a much needed 1 in 100 year flood protection to the area which has been blighted by flood for many years, it also provides a community and education resource at a previously inaccessible part of the river."
Now in their eighth year, the Waterways Renaissance Awards aim to recognise best practice in sustainable waterway regeneration and development throughout the UK.
More information on the Templeborough to Rotherham Flood Alleviation Scheme is available on the Rotherham Council website.