As many as one in 10 children are thought to have dyslexia and specific learning difficulties and the government grant will help fund expert advice, support materials and training for teachers.
The support is being offered by the Dyslexia-SpLD Trust, which is a coalition of organisations hosted by the Driver Youth Trust.
Since 2013, the Dyslexia-SpLD Trust has reached more than 34,500 teachers, including with its Interventions for Literacy materials. It also offers support to parents and local authorities.
Other resources offered by the coalition include a Literacy and Dyslexia Professional Development Framework and factsheets for young people with dyslexia who are doing an Apprenticeship.
Driver Youth Trust chair, Sarah Driver, said: "We are pleased to be working with the Department for Education and partners on this important area. As many as one in 10 children struggles with dyslexia and specific learning difficulties but this number hides the real impact.
"As a parent of children with dyslexia I know first-hand the importance of early identification, evidenced interventions and on-going support. I also know that teachers want to provide that for our children and welcome the training and support that funding like this can provide."
Dyslexia-SpLD Trust chair, Sir Jim Rose, added: "The Trust has brought together a wealth of expertise to help parents, school staff and local authorities access robust research and examples of high-quality teaching. Our Interventions for Literacy materials are recognised as easily accessible, leading-edge resources on what works in supporting children and young people who struggle to read and write."
The Driver Youth Trust as part of its wider work is also planning the development of a Dyslexia and SpLD Forum which will look at practical ways to help schools support children.
To find out more information on the Dyslexia-SpLD Trust, visit www.thedyslexia-spldtrust.org.uk and for more on the Driver Youth Trust, go to www.driveryouthtrust.com