The scheme is being launched today (6 June) by social entrepreneurs foundation UnLtd, and will give out awards of 250 to 5,000 to 11- to 21-year-olds, either as individuals or groups.
The aim of the Comic Relief-backed scheme is to use sport to unite people who are experiencing conflict or who are divided by background or culture.
Katie Cohen, assistant director for the south of England at UnLtd, said: "It is important that young people have the opportunity to provide solutions to problems in their communities.
"The awards provide the chance for young people to be creative and come up with entrepreneurial solutions to make their communities more cohesive through the use of sport. Sport remains one of the most effective mechanisms of engaging large numbers of young people from a cross-section of communities."
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