Sellafield nuclear plant and the Nuclear Decommissioning Authority are donating £2.2m, to tackle poverty in Allerdale and Copeland.
The aim is to help the most vulnerable and bridge the gap between those in well paid jobs and those who are struggling financially.
The scheme is being called 'Transforming West Cumbria'. Sellafield says it plans to support a number of initiatives over the next three years.
'This is about helping to level the playing field. There are lots of opportunities around here but it is about making them accessible to everybody. The programme covers a broad breadth of people and community groups that it will support, it is not just targeted at one area but it is trying to support everybody and give everybody that opportunity in life.'
The scheme will take on west Cumbria’s most entrenched social and economic problems. It is being delivered by the Cumbria Community Foundation over three years.It aims to put local people in charge of their own futures by empowering neighbourhoods to create change.
The programme will focus on family wellbeing, financial education, community activism, and inspiring young people.
£1.3m fund for community and voluntary groups
£660,000 to support families
£175,000 to fund financial education
There will also be funding to encourage young entrepreneurs and to make community activism the norm for young people.
'It will have a phenomenal impact, it enables us to work with a range of partners and voluntary community organisations doing great work at the heart of the community. Through this investment we will be able to support communities across west Cumbria.'
'Transforming West Cumbria' will initially run for three years and aims to confront the issues holding back the most vulnerable.