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La La Land has received the most nominations for the British Academy Film Awards with 11 nods.
The Hollywood musical, out in the UK on Friday, is up for best film, while stars Ryan Gosling and Emma Stone are up for best actor and actress.
British actors Andrew Garfield, Emily Blunt and Hugh Grant are also in line for acting awards.
Philosophical sci-fi film Arrival and Tom Ford’s dark drama Nocturnal Animals have nine nominations apiece.
The 2017 Bafta Film Awards will be held at the Royal Albert Hall in London on 12 February.
Nod for Streep
Ken Loach’s I, Daniel Blake is up for both the best film and best British film awards.
The welfare state drama receives an additional nod for its screenplay while Hayley Squires, who plays a single mother in the film, is up for best supporting actress.
Arrival, La La Land and I, Daniel Blake are joined in the best film category by Manchester by the Sea and Moonlight.
Other titles in contention for the outstanding British film award include Harry Potter spin-off Fantastic Beasts and Where to Find Them, which has five nominations in all.
Meryl Streep joins Blunt and Stone in the leading actress category, where she is nominated for her role in Florence Foster Jenkins.
Her 15th Bafta nomination puts her on an equal footing with Dame Judi Dench, who previously held the record for most Bafta film nominations.
The US actress made headlines at the Golden Globes on Sunday with a speech in which she criticised US President-elect Donald Trump.
Amy Adams and Natalie Portman complete the best actress contenders list, having been nominated for Arrival and Jackie respectively.
Gosling and Hacksaw Ridge star Garfield compete with Casey Affleck, Jake Gyllenhaal and Viggo Mortensen for the best actor award.
The latter trio are respectively nominated for Manchester by the Sea, Nocturnal Animals and Captain Fantastic respectively.
Grant, who appears with Streep in Florence Foster Jenkins, is joined in the supporting actor category by fellow Britons Aaron Taylor-Johnson and Dev Patel.
Taylor-Johnson is nominated for his Golden Globe-winning turn in Nocturnal Animals, while Slumdog Millionaire star Patel is shortlisted for Lion.
“This Bafta nomination today truly means so much to me” said Patel in a statement. “My family is literally freaking out right now!”
“It’s always nice to feel love from your hometown,” said Taylor-Johnson, adding he was “genuinely humbled” by the “fantastic honour”.
“Can’t wait to celebrate back in good ole Blighty!” continued the 26-year-old, who is married to the British artist formerly known as Sam Taylor-Wood.