Greenwich Council has secured more than £2.5 million in funding for the regeneration of Plumstead High Street.

Awarded today (March 7) by London Mayor Sadiq Khan, the funding will be used to redo shop fronts, create wider pavements and put in better street lighting.

These funds provided by the Mayor will be matched by a further £2.5 million pumped in by Greenwich Council.

It also be used to renovate Plumstead Power Station to build workspaces and create community and event spaces that could provide pop up food and craft markets for local businesses.

Councillor Denise Hyland, leader of Greenwich Council, said: “The Council is driving change in Plumstead, investing millions and attracting further funds to improve the local environment.

“We will continue to work with residents and existing businesses to improve the high street as well as attract new businesses into the area. I am delighted by this additional funding, especially with it coming in the same week as work starts on transforming the library into a multi-functional community centre.”

The news comes just as work starts on transforming Plumstead Library into a leisure, cultural and sports centre as well as an expanded library, expected to be completed by autumn next year.

More than 200 bids for funding were made for a piece of the £24 million pot that is the Mayor’s Good Growth Fund.

Only 27 of the submitted projects were granted funds by the Mayor, and Plumstead’s pool was one of the largest of all granted, only being beaten by an almost £3 million fund for a mission kitchen at the Food Exchange in Wandsworth.

Teresa Pearce, MP For Erith & Thamesmead, said: “I believe that this could be a game changer for Plumstead and shows what can be done when residents and elected representatives work together.”

Mayor Khan said: “I am using this funding to challenge preconceptions about how regeneration takes place. I want to give all Londoners – regardless of background – the opportunity to be actively involved in their city and have more places to live, learn, work and play.

“The projects I announced funding for today will help us to tackle inequality, strengthen civil society, and ensure the benefits of regeneration are felt by all.”