The spectacle will mark the start of 2012, a momentous year on UK events calendars, with the Queen's Diamond Jubilee and the London 2012 Olympic and Paralympic Games among the high-profile events.
Jack Morton has produced the UK capital's display for seven years, with this year's event its eighth. It is estimated that 200,000 people will gather along the banks of the Thames to watch the display.
Mayor of London Boris Johnson said: "As we begin one of the most extraordinary and exciting years in our great city's history, the sky will light up with a dazzling display of pyrotechnic magic.
"2012 will open, not with a timid whimper, but a colourful bang, a noisy clarion call to herald one amazing year."