About 30 organisations with a turnover of up to £2m will be offered bursaries for Acevo's 2008 leadership development programmes, which are run in association with Ashridge Business School, Cranfield School of Management and the Institute of Directors.
Participants in the programmes will be expected to be match funded by their organisations, though Acevo said there could be flexibility regarding this requirement depending on circumstances.
The courses include a diploma in company direction, as well as training in strategic management, building relationships, and advanced leadership.
"Some of our members tell us that they cannot afford professional development courses and that they feel guilty about spending money on themselves," said Stephen Bubb, chief executive of Acevo.
"Professional development is of untold value to an organisation as a whole, not just the individual - we need to influence our members so that they can see the benefits of investing in leadership for their organisation and the sector more widely. If we are to have a modern enterprising sector, inspiring and professional leaders are essential."
He added that chief executives could benefit from leadership development programmes throughout their career.
Organisations interested in the scheme should contact Astrid Kirchner, Acevo head of leadership development on 0845 345 8497 or email@example.com