This fund promotes the poverty reduction aims of Millennium Development Goals and the Habitat Agenda for better, more sustainable and equitable towns and cities throughout the developing world. It provides grants of up to $25,000 for new ideas and solutions for job creation, good governance, adequate shelter and secure tenure.

By undertaking research on best practises in youth-led development the fund will also create a greater awareness of the urgency to ensure that youth concerns are integrated into national and local development policies and strategies.

Applicant organizations must be led by young people aged 15-32 years and be based in cities or towns in developing countries to qualify for a grant. Support will be provided primarily for those working to improve slum conditions and to raise opportunities for young people growing up in poverty. Projects encouraging gender equality or involving partnerships with the government or the private sector are particularly encouraged.