A project delivering enterprise, project management and sales training for young people and the homeless will boost the South West by more than £570,000.
The South West awards for all, which aims to improve young people's confidence and life skills, is bringing a total of £573,248 across 71 organisations in the region.
The funding comes from Big Lottery Fund (BIG) small grants scheme awards for all, which offers grants of between £300 and £10,000 to social and environmental projects that will benefit local communities and make a difference to the lives of those most in need.
Vulnerable young people in North Devon will have the opportunity to build their confidence through a horse-riding project at Ilfracombe Arts College in Ilfracombe.
The £2,850 grant will enable the college to deliver horse riding and outdoor activities designed to develop personal development and team building skills.
In Mid Devon, Ponies Transforming Lives will deliver equine therapy sessions for young people living with Asperger syndrome. The £10,000 grant will enable the Tiverton-based community organisation to deliver the initiative, which aims to improve the health and wellbeing of those participating.
Two further projects receiving funding will help local communities through the radio.
Soundart Radio Limited in Totnes will use their grant of almost £10,000 to purchase equipment and training focused on radio activities and programme content, improving the service they provide for the local community.
Torbay Town Centres Company Ltd will use their £10,000 grant to provide a safety radio system for small local businesses in a bid to combat crime and anti-social behaviour within the town centre, and alert each other of any issues they may be experiencing.
Plymouth Pregnancy Crisis Centre will use funding of £4,214 to purchase furniture and equipment following their relocation to new premises due to an increase in demand for their counselling services.
Tamar Grow Local in Gunnislake will use their grant of £7,742 to purchase bee-keeping equipment which will be used by different community organisations.
Mark Cotton, BIG's head of the South West region, said: "It's really positive to see the range of inspiring projects which will engage with young people and make a real difference by boosting their confidence and overall prospects."