If this target is met this would effectively double the combined total worldwide investment in grass roots football by 2018.
David Beckham, the England 2018 vice-president said: "Football has been my life. I am incredibly proud of what I have achieved - but what gives me most pride is the work I can do to help young people that's why I founded the David Beckham Academy. I am inspired by what England promises to do. I hope you will be too. Football United, imagine the type of change we could create together."
Football Foundation chief executive Paul Thorogood said: "Having invested over £670 million in grassroots football facilities and community projects in this country over the past decade, we know how effective football can be as a tool to help tackle major social issues. This is an exciting opportunity."