Written by Robert Shields.
A number of sustainable construction projects are planned for deprived areas of London to develop waste energy creation schemes and other eco-friendly initiatives.
It is hoped that an investment of £100 million could lead to the creation of 1,000 jobs, while helping the capital to cut its production of carbon emissions.
Backed by the London Development Agency, in collaboration with the European Regional Development Fund and the London Waste and Recycling Board, the project may also help in the development of decentralised energy resources.
Boris Johnson, the city''s mayor, commented that the funding could improve London''s low carbon credentials.
He said: ''I am pleased that the European Commission recognises that whilst London is a major world city and leading financial centre, parts of the capital face real hardship.
''Imaginative EU funding programmes like these can act as a catalyst to attract further investment into these areas.''
The mayor recently suggested that London''s homes may need to be made more energy efficient to reduce air pollution levels in the city.