JCB and British Land Company are among some of the company's recognised for their contribution to international trade, innovation and sustainable development.
Seven businesses received accolades for sustainable development, while a further 92 were presented for innovation.
In addition, the category for international trade increased to 150 winners.
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Business Secretary Sajid Javid said: "The Queen's Awards are a great way of celebrating the best of British business. Whether you're a disruptive start-up making life easier for your customers or a large company with a blockbuster product, these awards recognise your contribution to enterprise.
"We are a country full of exciting and innovative businesses that deserve to be celebrated. I'd like to commend all the winners for their hard work in creating jobs for people and driving our growing economy."
The 2016 awards marks the 50th anniversary for the winners of the Queen's Awards scheme in what is also her Majesty the Queen's 90th birthday year.
For a full list of winners, visit here.
(LM)
