The developer behind the giant Greenwich Peninsula regeneration project has launched a £1.9 million fund to help community projects in the area.
Knight Dragon, which is responsible for most of the developments on the north and east of the peninsula, says the scheme is part of its plans to create a “sustainable community” in the area.
However, groups will need to move quickly if they want to apply for money from this year’s fund, with applications closing this Friday.
The fund, which will be delivered over the next decade, will support projects within the Greenwich Peninsula ward boundary, including Greenwich Millennium Village and the Gurdon Road and Troughton Road areas of Charlton as well as the land Knight Dragon is developing.
When completed, Knight Dragon hopes to have built 17,000 new homes and 13,000 new jobs in the area. Its creative industries hub, the Design District, opened last year, and over 2,000 homes have already been completed.
Work started recently on 476 homes next to St Mary Magdalene school, with towers of 30 and 22 storeys. More towers will be built according to plans approved in 2020, including a 38-storey block which will replace the current bus station at North Greenwich, while the peninsula’s Central Park will be expanded.
Richard Margree, Knight Dragon’s chief executive, said: “Developing a new place from scratch, at this scale, is a unique opportunity and one we do not take for granted.
“Our commitment to delivering a genuine and sustainable community at Greenwich Peninsula has seen us invest in many spaces, initiatives and projects over the last 10 years, and the launch of the Greenwich Peninsula Community Fund is a fundamental milestone in the development of this fantastic place”.
Kate Markey, chief executive of the London Community Fund, which is working with Knight Dragon on the project, said: “It’s a game-changing initiative, helping to bridge the funding gap and provide much-needed financial support.
“We’re proud to collaborate with Knight Dragon to deliver this annual fund of £100,000, with a commitment to invest £1.9 million over the next decade.
“We believe that when businesses contribute to their local community, everyone benefits, and London is an ideal place for businesses to impact the lives of Londoners positively”.
Interested groups can find out more on the London Community Fund website.
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