More than £800,000 will be spent on creating a new playground, entrance, garden and seating in Battersea Park in plans unveiled by the council to spend money made from hosting Formula E races for two years.

The last Formula E race in the borough takes place this weekend.

The council will then meet two days later on July 5 to discuss how to spend £820,000 on the park, made up of £500,000 from Formula E, £250,000 from developers of the Battersea Wharf and Chelsea Bridge Wharf schemes and £30,000 from the Friends of Battersea Park amd £40,000 from existing budgets.

June 22: Free Formula E tickets for 2,000 Wandsworth residents as Battersea Park hosts race for second and final time

June 11: Formula E returns to Battersea Park thanks to nearly 250 volunteers

May 24: Updated: Campaigners drop legal action as Formula E announces this is LAST YEAR for Battersea Park event

Councillors on the community services overview and scrutiny committee will discuss adding a playground near La Gondola Cafe, a pedestrian entrance to Chelsea and Rosary Gates and turning unused parkland in the Promontory into a garden.

A playground would include £150,000 worth of play equipment for children up to the age of 12. 

A pedestrian entrance could be added between the Chelsea and Rosary gates, costing £100,000 with landscaping as well. 

Councillors will be asked to agree to put £160,000 aside for a cascade fountain feasibility study into their restoration and refurbishment, and, £260,000 for river wall repairs. They will be asked to spend £80,000 on restoring three historic seating shelters.

They will also be asked to consider turning disused land in the Promontory into a landscaped garden, based on designs by Leicester gardener David Keary, at a cost of £70,000. 

Community services spokesman Councillor Jonathan Cook said: “We are unveiling an exciting package of improvements to the park which will be largely funded by income we have received from the organisers of Formula E.

"We had always said we would set aside £200,000 to reinvest in the park every year it hosted the event. I am delighted that we have been able to increase this amount up to £500,000.

"This sum, coupled with the substantial funds we have also received from housing developers near the park, means we are in a position to now move forward with projects we have long wanted to do but simply didn’t have the money for.

"Thanks to this funding, and to a generous donation too from the Friends of Battersea Park, we will be able to deliver a range of improvements that will be enjoyed by visitors for many, many years to come."

The council announced that it would make £2.85m in total from the Formula E contract, including a payment for ending the contract early. 

Formula E will be held on July 2 and 3, with limited public access to the park during July 2-5.