Liverpool City Council will fund an apprenticeship scheme focused on construction and civil engineering.
The 133 apprenticeships, only open to Liverpool youngsters aged 16 and over, will run for between 12 months and three years and involve 20 companies.
Elmfield Training is among the participants and will train 60 youngsters in renewable energy, and North Liverpool Regeneration Company will run training in bricklaying, construction work and joinery for 10 people.
The Peel Group’s Liverpool Waters scheme, which is awaiting approval from the council, would pump £6bn into the docklands area and boost the demand for construction workers in the city.
Councillor Nick Smalls said: “We want to have a highly skilled and motivated workforce ready to take advantage of any improvement in the economy in future years.”