The Football Association and the Premier League are part of a group of UK governing bodies who have pledged to invest at least 30% of their domestic television revenue into grassroots projects.
The two organisations join the All England Lawn Tennis Club/Lawn Tennis Association (joint signatories), the ECB, the PGA European Tour, the Royal & Ancient, the Rugby Football League and UK Athletics in making the promise which will amount to around £250m a year.
The figure is a huge improvement on the original target of 5% and comes on the back of the FA reporting an increase in grassroots participation levels.
Commenting on the deal Sports Minister Hugh Robertson said: "This is an important statement of their intent to invest in the future.
"I welcome this commitment and could not support it more strongly."
All bodies will be monitored to ensure they surpass the 30% threshold with all organsiations apart from the PGA Tour currently surpassing the required amount.