The February 1974 Dissolution Honours List was issued on 2 April 1974 following the dissolution of the United Kingdom parliament in preparation for a general election.^[1]

• Mervyn Pike, Member of Parliament for the Melton Division of Leicestershire 1956-74; Assistant Postmaster General 1959-63; Joint Parliamentary Under-Secretary of State, Home Office 1963-64.
• Rt Hon. Dame Margaret Patricia Hornsby-Smith DBE, Member of Parliament for Chislehurst 1950-66 and 1970–74; Parliamentary Secretary, Ministry of Health 1951-57; Joint Parliamentary Under-Secretary of State, Home Office 1957-59; Joint Parliamentary Secretary, Ministry of Pensions and National Insurance 1959-61.

• Sir Tufton Victor Hamilton Beamish MC DL, Member of Parliament for the Lewes Division of, East Sussex 1945-74.
• Sir Richard Michael Fraser CBE, Deputy Chairman of the Conservative Party Organisation since October 1964.
• Rt Hon. Geoffrey William Lloyd, Member of Parliament for Birmingham, Ladywood Division 1931-45, King's Norton Division 1950-55; Sutton Coldfield 1955-74; Minister of Fuel and Power 1951-55; Minister of Education 1957-59.
• Rt Hon. Ernest Marples, Member of Parliament for Wallasey 1945-74; Postmaster General 1957-59; Minister of Transport 1959-64.
• Rt Hon. Michael Antony Cristobal Noble, Member of Parliament for Argyllshire 1958-74; Secretary of State for Scotland 1962-64; Minister for Trade 1970-72.
• Rt Hon. Duncan Edwin Sandys CH, Member of Parliament for Norwood 1935-45; Streatham 1950-74; Minister of Works 1944-45; Minister of Supply 1951-54; Minister of Housing and Local Government 1954-57; Minister of Defence 1957-59; Minister of Aviation 1959-60; Secretary of State for Commonwealth Relations 1960-1964.
• Rt Hon. Sir Robert Hugh Turton KBE MC DL, Member of Parliament for the Thirsk and Malton Division of Yorkshire 1929-74; Minister of Health 1955-57.

• Betty Harvie Anderson OBE TD MP, Member of Parliament for East Renfrewshire since 1959; Deputy Chairman of Ways and Means, House of Commons 1970-73.
• Rt Hon. Priscilla Jean Fortescue, Baroness Tweedsmuir of Belhelvie, Member of Parliament for Aberdeen South 1946-66; Minister of State, Scottish Office 1970-72; Minister of State, Foreign and Commonwealth Office 1972-74.
• James David Gibson-Watt MC DL MP, Member of Parliament for Hereford since 1956; Minister of State, Welsh Office 1970-74.

• Brian Caldwell Cook Batsford, Member of Parliament for Ealing South 1958-74; Assistant Whip 1962-64; Opposition Deputy Chief Whip 1964-67.
• Robert Chichester-Clark, Member of Parliament for Londonderry City and County 1955-74; Comptroller of H.M. Household 1961-64; Minister of State, Department of Employment 1972-74.
• Robert William Elliott MP, Member of Parliament for Newcastle upon Tyne North since 1957; Comptroller of H.M. Household 1970; Vice-Chairman, Conservative Party Organisation since 1970.
• Timothy Peter Geoffrey Kitson MP, Member of Parliament for Richmond, Yorkshire since 1959; Parliamentary Private Secretary to the Prime Minister 1970-74.
• Harold Brian Seymour Warren MRCS LRCP, Physician.

Civil division

• Robert Temple Armstrong, Principal Private Secretary to the Prime Minister.

• Anthony Henry Fanshawe Royle MP, Member of Parliament for Richmond, Surrey since 1959; Parliamentary Under Secretary of State, Foreign and Commonwealth Office 1970-74.

• Rt Hon. Quintin McGarel, Baron Hailsham of Saint Marylebone QC, Lord High Chancellor of Great Britain 1970-74.

• Katharine Margaret Alice, The Honourable Mrs. MacMillan, Vice-Chairman of the Conservative Party 1968-71.
• Margot Smith, Chairman of the National Union of Conservative and Unionist Associations.

• Rt Hon. Patrick Robin Gilbert, Baron Derwent, Minister of State, Board of Trade 1962-63; Minister of State, Home Office 1963-64; Deputy Speaker, House of Lords.
• Alan Green, Member of Parliament for Preston South 1955-64 and 1970–74; Minister of State, Board of Trade 1962-63; Financial Secretary, Treasury 1963-64.
• Rt Hon. Pascoe Christian Victor Francis, Baron Grenfell TD, Deputy Speaker, House of Lords.
• The Honourable Douglas Richard Hurd MP, Member of Parliament for Mid-Oxon. Political Secretary to the Prime Minister 1970-74.
• Brendon Straker Sewill OBE, Special Assistant to the Chancellor of the Exchequer 1970-1974. Director of the Conservative Research Department 1965-70.
• Lena Moncrieff Townsend, Leader of the Inner London Education Authority, Greater London Council 1971-72.
• Joan Fleetwood Varley, Deputy Director of Organisation, Conservative Central Office since 1966.

• Miles Matthew Lee Hudson, Political Secretary to the Rt Hon. Sir Alec Douglas-Home KT DL MP 1971-74.
• Lieutenant-Colonel William Reeve DL, for political and public services in the East Midlands.
• Ann Marcella Springman, for political and public services in Wessex.

• Roger Boaden, for political services.
• Rosemary Bushe, Personal Secretary to the Rt Hon. Edward Heath MBE MP.
• Captain Arthur William Potter Fawcett TD, for political services in Barnet, Hertfordshire.
• Christabel Phyllis Humphreys, for political services in Wales.
• Kenneth Donald Bremner Pryde, Inspector, Metropolitan Police.
• Peter Radford, Chief Inspector, Metropolitan Police.

Civil division

• John Harris, Senior Messenger. Formerly Doorkeeper, No. 10 Downing Street.
• Ivy May Moore, lately Telephonist, No. 10 Downing Street.
• George Stanley Newell, Driver to the Rt Hon. Edward Heath MBE MP.