After months of holds-up, the Home Office has provided £714,532 for the first year. A further £126,094 will come from the Scottish Executive.
But the delay in producing the cash has set the scheme back by several months. Adrian Bradley, charities spokesman at the Home Office, said the setbacks were caused by the General Election and the process of identifying the available funding streams.
The Institute of Fundraising, which is to house the scheme initially, asked for a total of £1.71m by 2009. The Home Office has budgeted for future funding, but Bradley said it would depend on the project's success.
The ultimate aim is for it to be self-funding.
Lindsay Boswell, chief executive at the institute, admitted the delays had been "disappointing", but said this was tempered by an understanding of the circumstances that caused them.
A part-time chair and full-time director will now be recruited, to start in February.