The joint Merseyside Youth Alliance project will focus on the prevention of serious violence, tackling gang culture and protecting young people from exploitation.
The scheme will deliver early intervention programmes targeting young people aged eight to 19 across Merseyside, particularly in areas in south Sefton, north and central Liverpool, Huyton and Toxteth, where violence is at a high.
The funding has been provided by the Home Office's Early Intervention Youth Fund (EIYF) following a bid put forward and endorsed by the police and crime commissioner for Merseyside, Jane Kennedy.
LFC Foundation's interim head, Jenny Stewart, said: "This joint project is a great example of Merseyside organisations coming together for a greater good of the city.