Football League clubs are to increase investment in youth development following an EGM last week.

The meeting, held at Leicester City’s King Power Stadium, saw clubs approve a one per cent levy on all transfer spending.

Around £600,000 will now be invested in Youth Development programmes at clubs throughout the Football League.

Furthermore, it has been agreed to increase the minimum number of 'home grown' players required in a matchday squad from four to six.

Home grown players are those who have been registered domestically for a minimum of three seasons prior to their 21st birthday.

The commitment should see a rise in the number of first team opportunities for players developed in the domestic system. 　

Last season saw 250 young players make their league debut while more than 900 under the age of 21 played first team football.

Clubs have also voted to decrease the number of substitutes which can be named for league matches from seven to five.

The Football League's new Head of Youth Development, David Wetherall, said: "Youth Development at Football League clubs is one of the games' success stories, not only in terms of the number of players coming through, but also because our clubs are actually giving these players the chance to show their talent at first team level.”

He added: "These initiatives will further strengthen the outstanding work being done by Youth Development staff at clubs throughout The Football League and help even more young players make the step-up into first team football."