The London borough, which hasn't run its own youth service since 1992, will also put 300,000 into the programme.
The contract was previously held by Youth Action UK, with which Prospects merged last year. It includes management of the council's five youth centres.
As part of the deal in Bromley, Prospects will invest 1m in money and resources during the 10 years.
It already provides information and advice services for Connexions in the Black Country and central, east, north and south London.
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