An initiative to provide bicycles and training for young people and adults in the Bankside area is among 30 community cycling projects across the capital to receive funds from Transport for London.
The Bankside Cycle Club project, run by Living Bankside, will work to make cycling more accessible to young people and adults, by buying bikes for people to use and providing instructor training.
Living Bankside is the new name for the Bankside Residents' Forum.
Transport for London says that where new infrastructure has been built to make cycling safer and easier, there has been a significant increase in cycling, including a 124 per cent increase on Blackfriars Road.
Since Quietway 1 was launched in 2016, the number of women using the route has increased from 29 to 35 per cent, according to TfL figures.
Will Norman, London's Walking and Cycling Commissioner, said: "We want Londoners of all ages and backgrounds to take up cycling and enjoy the huge benefits.
"These grants directly support local groups to run brilliant projects in their communities encouraging many more people on to two wheels. By giving Londoners of all abilities, ages and backgrounds the confidence to cycle, we can improve their health and quality of life, as well as reducing toxic air pollution, which improves our city for everyone."
For the latest local news and events direct to your inbox every Monday, you need our weekly email newsletter SE1 Direct.