Peter Ilic, who owns the Little Bay restaurant group, will not present a single food bill to diners, leaving it up to them to decide how much the meal and service is worth.
Mr Ilic, whose "free" dinners are on offer at Little Bay in Farringdon, hopes the deal will lift people's spirits.
He said: "Even if people don't pay anything I have told my staff to treat them the same as if they pay £50 or £60-a-head.
"It's entirely up to each customer whether they give £100 or a penny. All I'm asking is they pay me what they think the food and service is worth."
The special recession offer will be available for the whole of February. Wine is not included and tap water will be served.
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