The Big Lottery Fund has launched a £12m programme to fund projects in Wales that work with young parents or disabled people between the ages of 14 and 25.
The Bright New Futures programme will support projects that help young people in areas such as developing their life skills.
It will give projects between £200,000 and £1m over three to five years for a range of revenue costs, including salaries. Up to 5 per cent of the grant will be available for capital equipment.
To be eligible for funding, projects must show they would meet criteria including helping beneficiaries to build better relationships and increasing their confidence.
Gareth Newton, Big Lottery Fund Wales committee member and chair of the Bright New Futures programme committee, said the programme showed that the BLF was committed to bringing improvements to communities.
"We want to fund projects that support young parents and young disabled people to help them be who they want to be and do what they want to do," he said.
"We acknowledge there may be hurdles along the way for these young people but Bright New Futures will help make crossing some of them that much easier."
The closing date for application is 2 April 2012, but projects must register their interest on the BLF website by 13 October and then attend a briefing session.