The Royal Borough of Greenwich council has announced that £1million is available for local groups to bid for grants ranging from £2,500 to £35,000.
This money is to be used for improving neighbourhoods.
The fund is made up of contributions from developers via the Community Infrastructure Levy (CIL).
This ensures that local communities benefit from new housing developments and commercial spaces in the borough.
Since its launch in 2018, the fund has supported 157 projects, including school playground refurbishments, tennis court upgrades, and enhancements to walking and cycling infrastructure.
Councillor Anthony Okereke, leader of the Royal Borough of Greenwich, said: “Development should mean more than new houses and flats, so we’re making sure that we put developers’ cash to good use in a way that benefits the whole borough.
“That sentiment is at the heart of the Greenwich Neighbourhood Growth Fund which helps to pay for vital projects across that are aimed at improving community facilities and infrastructure. I know so many local groups will benefit greatly just as more than 150 have since the fund launched in 2018.”
The fund is also part of the council’s commitment to making residents’ voices heard, allowing them to vote on the projects proposed in their area.
Councillor Majid Rahman, cabinet member for planning, estate renewal, and development, said: “Pro development, pro investment, and pro giving back to residents – that is what this council is about, and this fund clearly demonstrates that.
“I’m looking forward to seeing the array of bids that come forward and then through the public vote giving our residents the chance to help shape improvements to their areas. This is a perfect example of how the public can help influence how money is spent which from a community perspective is important in people feeling as though their voice is listened to.”
The fund has already awarded more than £2.5million to various projects, such as replacing windows at a play centre, creating a sensory garden for a hospice, running a digital inclusion programme, and establishing a community crèche.
Local organisations wishing to bid for funding should submit their applications before the deadline at midnight on December 1.
All applications will be assessed, and residents will have the opportunity to vote on the shortlisted projects.