Manchester City Council has announced the creation of a memorial fund for victims of the attack in the city in May.
Twenty-two people, many of them children, were killed when a bomb was detonated at a concert in Manchester Arena on 22 May.
The council said in a statement the memorial fund "will be set up to hold funds to help pay for a memorial, or memorials" and further details would be available soon.
It added the memorial fund would be "entirely separate and distinct from the We Love Manchester Emergency Fund but complementary to it".
The We Love Manchester Emergency Fund was set up four days after the attack to distribute donations for victims. Figures published today revealed it has raised £18m to date and has so far distributed more than half of that to people affected.
A statement published by the fund today said families bereaved by the attack would be able to claim an additional £180,000 on top of the £70,000 they were already entitled to.
The council is setting up an advisory group of civic and business leaders for the fund. Its duties will include communicating with the bereaved families on the "the form and location of any permanent commemorations".
The group will meet for the first time in early September when it will discuss its terms of reference.