Derbyshire County Council says each of their 64 councillors have been given an additional £1,500 Platinum Fund, which local groups can apply for to go towards community events.
This is extra to the usual £3,860 that councillors receive.
Derbyshire County Council Leader Councillor Barry Lewis said: "Last year we doubled the amount councillors could spend in their areas to help and support communities with their efforts during the pandemic and this year we’ve added to their amounts again with the extra Platinum Fund.
"We see this as a really positive way of supporting all our councillors to help their communities."
Mr Lewis adds: "I’m sure local groups will have lots of ideas as to how they can put extra funding towards Jubilee celebrations and events in their area."
Music, other entertainments and food stalls will be held in the cities Victoria Square.
The celebrations will kick off on June 2nd, with a DJ and street entertainment followed by two hours of to-be-confirmed live music.
Beacons will be lit after 8PM, along with hundreds of others across the country.