Community organisations in England can apply for grants of up to £35,000 to help young people have a say in how community spaces are managed.
The Co-op Foundation will allocate eight grants to organisations and projects that empower young people and draw on their lived experiences to shape community spaces.
Half of the money will come from the #iwill fund, a joint £40m pot created by the Department for Digital, Culture, Media & Sport and the National Lottery Community Fund, which aims to make social action part of life for as many 10 to 20-year-olds as possible.
The Co-op Foundation will provide the rest of the funding in its role as a match-funding partner for the #iwill fund.
The foundation said in a statement that the money could be used to cover any costs related to carrying out the project being funded, including but not limited to staff salaries, the costs of advocacy activities, including appropriate incentives and rewards for young people to take part, and the organisational running costs required to support the delivery of the project.
Community groups have until 20 September to apply for the grants, which are designed to cover one year, and successful projects will be able to apply for further funding for up to two more years.
Shortlisted applicants will be told by 4 October, final decisions will be made by 14 November and funding offers will be issued to successful applications by the end of the same month.
This funding is part of the first round in the foundation’s £3m extension to its contribution to the #iwill campaign, with two further rounds focusing on peer support for young people going through bereavement and for those moving from primary to secondary school, due to be launched later this year.
The foundation has awarded more than £2m since it first became an #iwill partner in 2017.
Jim Cooke, head of the Co-op Foundation, said: "Our partnership with the #iwill fund over the past two years has shown the positive impact young people can have when they are given opportunities to take action on the issues they care about.
"We’re delighted to be extending this fund so that more young people can be empowered to make a difference.
"From supporting their peers to campaigning for change in their communities, young people’s own experiences and connections to the causes they are addressing will help them to take the lead in improving local spaces, promoting wellbeing and developing their own skills."
More information about the application process is available here.