| Competition | Speedway Premier League |
| Season | 1997 |
| No. of competitors | 14 |
| Champion | Reading Racers |
The Premier League is the second division of Speedway in the United Kingdom and goverened by the Speedway Control Board (SCB), in conjunction with the British Speedway Promoters' Association (BSPA).
The Premier League was founded (as a second division competition) with 14 teams for the 1997 season, running on a standard format with no play-offs.
| M | W | D | L | F | A | Pts | Bon | Tot | |
| Reading Racers | 26 | 22 | 0 | 4 | 1323 | 1011 | 44 | 13 | 57 |
| Long Eaton Invaders | 26 | 18 | 1 | 7 | 1227 | 1107 | 37 | 11 | 48 |
| Edinburgh Monarchs | 26 | 17 | 1 | 8 | 1235 | 1102 | 38 | 8 | 43 |
| Newcastle Diamonds | 26 | 15 | 0 | 11 | 1201 | 1134 | 30 | 8 | 38 |
| Exeter Falcons | 26 | 14 | 0 | 12 | 1213 | 1125 | 28 | 6 | 34 |
| Glasgow Tigers | 26 | 12 | 2 | 10 | 1158 | 1179 | 26 | 6 | 32 |
| Arena Essex Hammers | 26 | 12 | 0 | 14 | 1157 | 1179 | 24 | 7 | 31 |
| Isle of Wight Islanders* | 26 | 12 | 0 | 14 | 1149 | 1184 | 24 | 7 | 31 |
| Hull Vikings | 26 | 13 | 0 | 13 | 1134 | 1195 | 26 | 5 | 31 |
| Sheffield Tigers | 26 | 12 | 0 | 14 | 1116 | 1219 | 24 | 5 | 29 |
| Oxford Cheetahs | 26 | 9 | 0 | 17 | 1116 | 1219 | 18 | 6 | 24 |
| Stoke Potters | 26 | 8 | 2 | 16 | 1111 | 1122 | 18 | 3 | 21 |
| Berwick Bandits | 26 | 7 | 1 | 18 | 1105 | 1223 | 15 | 4 | 19 |
| Newport Wasps | 26 | 7 | 1 | 18 | 1095 | 1241 | 15 | 2 | 17 |
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