Volunteering charity v will release £35m over the next 18 months for voluntary groups that are working with businesses to create new volunteering opportunities.
Charities that want to apply for the cash must be able to prove they have private sector support, and v will offer match funding. The support could also be goods in kind.
V has also announced that its founding partners from the private sector have helped to create 8,000 new volunteering opportunities through partnerships with other charities.
"Match funding provides a unique way for the private and voluntary sectors to work in partnership to inspire a new generation of volunteers," said Terry Ryall, chief executive of v. "These new relationships will have a sustainable effect on communities, giving young people the opportunity to learn skills and develop a sense of citizenship."