The Charity Commission has helped to agree a joint approach with seven charities that will provide immediate financial support to victims of the Grenfell Tower fire.
About 79 people are presumed dead because of the fire at the Grenfell tower block in the London borough of Kensington last week.
The commission said today that the next of kin of those killed in the fire would receive an initial £20,000 from donations made by the public since the disaster, with those injured receiving £10,000.
People made homeless would receive a £10,000 "fresh start" grant once they were rehoused, the commission said.
The charities involved in the discussions with the commission were the British Red Cross, Muslim Aid, the London Emergencies Trust, London Funders, the Rugby Portobello Trust, the London Community Foundation and the Kensington & Chelsea Foundation.
The money will come from three major funds for people affected by the fire, set up by the British Red Cross, the K&C Foundation and the Evening Standard Dispossessed Fund. These funds will collaborate with the London Community Foundation and the London Emergencies Trust to ensure money is immediately available to those affected.
The British Red Cross said that more than £10m had for far been raised for people affected by the fire, of which £2.8m came from the Red Cross’s London Fire Relief Fund.
The Evening Standard Dispossessed Fund has has raised more than £1.7m on JustGiving since it launched its appeal. Other monies will include the revenue from a charity single organised by the pop mogul Simon Cowell and from the Community Shield football match featuring the London clubs Arsenal and Chelsea next month.
David Holdsworth, chief operating officer of the Charity Commission, said: "This collaboration, along with the first immediate distribution of funds from public donations, will help to ensure clear, easy access to the help and support that those affected by this devastating tragedy so urgently need.
"This can never heal what has happened, but will we hope provide some help to those suffering at this most difficult time."
Michael Adamson, chief executive of the British Red Cross, said: "We launched a national appeal to use our experience of fundraising to help people give to a cause that desperately needs their help, and to complement the amazing charitable work happening in the Grenfell community.
"No amount of money can take away the pain of the past eight days, but for people who have lost everything we hope it will help towards rebuilding their lives."