The council is seeking funding for the project in partnership with four other countries, having hosted a visit by young people and officials from Germany, Poland, the Czech Republic and the Netherlands last week to discuss how the scheme would work. The five countries are compiling a joint bid to the European Commission to enable them to run the three-year scheme, which they hope to start in October.
The initiative will be an international version of a youth ambassador programme set up nine months ago by Lancashire County Council with support from youth participation organisation and grant-maker Changemakers.
Young people shadowed councillors and MPs.
Under the international programme, about 10 16- to 25-year-olds in each of the five nations would spend time in each other's countries to learn best practice on issues such as sexual health, to feed back to decision-makers in their own country. Each country would host a conference for the other ambassadors during the course of the programme, based on the priority issues identified by young people.
John Clark, policy development officer at Lancashire Youth and Community Service, said the programme was partly designed to increase young people's knowledge of other European systems.
He said: "It's a two-pronged approach: developing the European dimension and providing opportunities for young people to be involved more meaningfully in decision-making."