We present an existence and stability theory for gravity–capillary solitary waves with constant vorticity on the surface of a body of water of finite depth. Exploiting a rotational version of the classical variational principle, we prove the existence of a minimizer of the wave energy 𝓗 subject to the constraint 𝓘 = 2µ, where 𝓘 is the wave momentum and 0 < µ ≪ 1. Since 𝓗 and 𝓘 are both conserved quantities, a standard argument asserts the stability of the set Dµ of minimizers: solutions starting near Dµ remain close to Dµ in a suitably defined energy space over their interval of existence. In the applied mathematics literature solitary water waves of the present kind are described by solutions of a Korteweg–de Vries equation (for strong surface tension) or a nonlinear Schrödinger equation (for weak surface tension). We show that the waves detected by our variational method converge (after an appropriate rescaling) to solutions of the appropriate model equation as µ ↓ 0.