Croydon has bid for a share of £559m funding to create jobs, homes and offices.
Coast to Capital - a partnership of south-east England councils and businesses - unveiled details of its claim for a share of the Government's local growth fund.
The partnership outlined proposals to fund 60,000 new jobs, 27,000 homes and 970,000sq m of work space across Croydon, West Sussex, Brighton East Surrey and other parts of the region.
Councillor Jason Perry, the council's cabinet member for planning, regeneration and transport, said: "Croydon may be only one patch of what is a large area of the south-east, but I believe we can play an important and influential role in the future prosperity of the region.
"In addition to being a recognised business centre with unrivalled transport links, we have a large and diverse workforce that’s not afraid to buckle down and get the job done.
"If this bid is successful, it can only help in the continued growth and success of a borough that is already seeing massive investment and the instigation of exciting plans, such as the redevelopment of the town’s retail centre and the Connected Croydon programme of infrastructure improvements."
The plan was drawn up by the south-east's 17 councils and will compete against 38 bids for a share of the money.
The Government plans to pay £2bn each year between 2015 and 2021 to enterprise partnerships.
TODAY'S TOP STORIES
JOIN US ON FACEBOOK