The TV presenter will not attend the annual awards event following her ‘kidnap plot’ hell.
Holly is a regular at the event, hosted by Carol Vorderman, which honours Brits who have acted bravely or extraordinarily in challenging situations.
She has been forced to pull out of attending while on “indefinite leave” from This Morning as she remains under round-the-clock surveillance.
The 42-year-old star is said to be “distraught” after learning of the alleged plot.
Gavin Plumb, 36, appeared in court on Friday accused of putting together a plan to kidnap and kill the TV star.
READ MORE ON HOLLY WILLOUGHBY
It’s after police swooped on his Essex home earlier this week and charged him with soliciting to commit murder and incitement to commit kidnap.
Officers were understood to have found chloroform, cable ties, a blindfold and ropes at Plumb’s home when they raided it.
They believed this could have been part of a “kidnap and restraint kit”.
It emerged cops also believe Plumb tried to recruit a hitman in the US to carry out the plot.
ITV bosses have allowed Holly to remain off work for as long as is needed following the shocking revelations.
The channel is also understood to be providing security and support.
Police officers have also been stationed outside the London home she shares with husband Dan Baldwin and their three children.
Alison Hammond and Josie Gibson will stand-in for Holly on This Morning this week.
Plumb was denied bail by district judge Caroline Jackson and will appear at Chelmsford Crown Court on November 3.