The Youth Work Capital Fund, which is being administered by YouthLink Scotland, will enable youth organisations to apply for grants to improve facilities across the country.
They have until 20 October to apply for the money from the one-off fund; application forms are being made available this week.
Applications are expected for grants of between 5,000 and 50,000.
The money is available for capital projects including renovation and refurbishment, or new buildings.
YouthLink Scotland chief executive Jim Sweeney said: "We're hoping we'll get some innovative applications."
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