Earlier this year the National Express Foundation awarded £230,000 to support 2,000 youngsters across the West Midlands and Kent.
It is now launching a second funding programme, with £100,000 available.
The Foundation is inviting local community groups, within the same areas, to bid for grants of £2,500, £5,000 or for larger amounts of £10,000 or £20,000 to support sustainable projects that provide positive, developmental and engaging activities for young people in deprived areas.
Local colleges and universities can also apply for grants of £10,000 per year towards innovative bursary schemes that help students from disadvantaged backgrounds continue in further or higher education.
Full guidelines on how to apply can be found at www.nationalexpressgroup.com/foundation
Deadline for applications is Friday 24 August 2018.