The £6 million project will be coordinated by the Greater Nottingham Groundwork Trust and should last five years.
The scheme will support 300 people each year. Each person will receive an annual budget of £2,000 and the scheme should benefit 1,500 unemployed youngsters over the next five years.
The one-off payment of £2,000 will be allocated to young people in 27 unemployment hot spots throughout Nottinghamshire and Derbyshire. The money can be used to pay for apprenticeships, vocational training, or to pay for their transport to and from work.
