Forward Gamlingay is to support local people into work and education through a programme of loans and grants.
Gamlingay Parish Council will pay an annual sum for a period of five years of at least £12,000 to Forward Gamlingay from the £62,000 developer’s contribution linked to the removal of Work Love Units at Station Road.
It is anticipated that it will take between six and 12 months to set the project up.
Trustee of Forward Gamlingay, Bridget Smith, said: “Because of our poor transport links and being a long way from both Cambridge and Bedford’s centre of educations some people unfortunately don’t reach their full potential.
“Forward Gamlingay is looking to change this.
“The biggest problem is not so much getting young people a job but in getting them to stay in work.”
Forward Gamlingay will conduct a piece of research with the County Youth Employment Team to identify the main barriers to employment for young people in the village and the best way of solving the problems.
It is hoped after the five years the situation in Gamlingay will be much improved following the targeted project.