The government is inviting charities to help deliver nearly £400m in funding for youth services over the next three years.
The Department for Digital, Culture, Media & Sport said any charity interested in partnering on the second phase of the Youth Investment Fund would need to apply by the end of the month.
YIF 2 will then open to applications this summer, with all money to be disbursed by the end of March 2025. The scheme will provide £288m in capital spending and £80m of resource spending.
The announcement comes weeks before spending is due to be completed from the first phase of the YIF, an initial £10m project managed by Children in Need.
The successful partner will be notified in July and will be expected to start making its first grants by October, according to a timetable published by DCMS.
The department acknowledged that the intermediary grantmaker would need to work “at pace”.
The documents outlining the process say that YIF 2 aims to provide “truly innovative” funding “to transform and level up the out-of-school youth sector”.
It is likely to prioritise mental and physical wellbeing for young people as well as skills and work training.
The government’s proposals suggest that YIF 2 capital spending could be used on building, repurposing and expanding youth centres, among other priorities.
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