The Government has pledged £28m to provide disadvantaged children and young people with education and training.
The funding, which is part of the second round of the £80m Life Chances Fund, will go to 10 projects across England.
Sheffield City Council, for example, will receive £19,294,766 to set up local projects aimed at tackling a range of issues from mental health and wellbeing to homelessness and youth unemployment.
Harrow Council will be given £1,895,000 for its flexible therapeutic solution that offers 24/7 accessibility to support.
Local authorities will also contribute a substantial sum from their own budgets. In total, councils will be providing the 10 projects with £83m.
‘The Life Chances Fund is helping transform lives across the country and I am looking forward to seeing how these fantastic projects use this funding to benefit children and young people, teaching them valuable life skills,’ said the minister for sport and civil society, Tracey Crouch.
The projects are Social Impact Bonds, which means social investors provide projects with up front funding and are reimbursed by the Government only when the projects meet agreed results.