The Mayor of Southwark Cllr Sunil Chopra will unveil a commemorative paving stone in Abbey Street (north of Bermondsey Square and south of St Mary Magdalen Churchyard) in honour of Bermondsey-born Fred Holmes.
The event will be attended by the deputy lieutenant Jenny Bianco, senior officers of the armed forces including Col Hugh Bodington, Chief of Staff London District, other dignitaries, and members of Frederick Holmes' family.
The act of remembrance and the dedication will be led by Revd Kevin Bell CF Assistant Chaplain General HQ LONDIST and Chaplain to the Household Division.
The stone will be placed in the pavement near the site of the Abbey Street house where Holmes was born in 1891.
Holmes earned the Victoria Cross on 26 August 1914 for two acts of bravery during the Battle of Le Cateau.
He received the VC at Buckingham Palace on 13 January 1915 and was driven through the streets of Bermondsey as a hero and presented with a purse of gold by the borough council.