
The money is part of £330m from dormant bank and building society accounts that will be used to support good causes in the UK over the next four years, Tracey Crouch, minister for sport and civil society said.
The youth employment initiatives will be jointly designed by the Department for Digital, Culture, Media and Sport, the Department for Education and Big Lottery Fund with input from young people and experts across different sectors, including the youth, education, voluntary, community and social enterprise sector, and business sectors. The Big Lottery Fund will set out plans for engagement in the coming months.
Crouch said: "By unlocking millions of pounds from dormant accounts for a range of good causes, we can make a real difference to lives and communities across the country.
"This is part of the government's commitment to building a fairer society and tackling the social injustices that hold people back from achieving their full potential.
"I am grateful to the banks and building societies, as well as Reclaim Fund Ltd, for their work to free up these funds for good causes.
"Working in close partnership with the financial sector and civil society, we are determined to help create a country that works for everyone and build a Britain fit for the future."
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