The fund is being administered for the second consecutive year by the Frank Buttle Trust, which has 700,000 - up from 600,000 last year - to distribute from October. The programme gives money to children and their families who are living in difficult circumstances.
Gerri McAndrew, director of the Frank Buttle Trust, said applications for grants could be made by social workers, health visitors, housing associations and education departments, among others, on behalf of children in need.
Young people have to be aged 18 or under and living in the United Kingdom.
The grant is intended to make a "positive difference for children and young people in dire need", said McAndrew.
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