The strategy to transform the area from Farringdon to Moorgate into an arts and culture hub for the Square Mile has been given the go ahead.
Planned improvements include the addition of temporary art installations, increased green spaces, new street furniture and creative lighting projects.
Development is expected to be continuous over the next two to three years.
In the longer term, the development of Culture Mile will also feature essential works on Beech Street, a new public space around the Museum of London at West Smithfield, as well as the pursuit of a proposed Centre of Music.
Catherine McGuinness, policy chairman at the City of London Corporation, said: “These plans are an essential step towards realising the physical transformation of Culture Mile.
“The area is currently dominated by vehicles and perceived by many to be hard to reach and difficult to navigate. These proposals set out an ambitious and exciting vision for the area which will create an unrivalled visitor experience, a welcoming environment for everyone to enjoy and a place where culture and learning are both created and consumed.”
For the past 18 months, the City of London Corporation has developed a ‘Look and Feel’ strategy for Culture Mile with Fluid, a London-based design and creative agency.
The firm recently finalised a framework for transforming the area by creating an “unrivalled visitor experience”.
The Culture Mile changes are intended to show off the City’s vast history, cultural riches, wealth of activity and varied character.