An ECB statement said the four-year plan would provide "performance-related fees to counties for producing England cricketers".
The ECB initiative aims to build on the success of the national team, which is ranked second in the world to Australia. The two countries meet in the five-Test Ashes series starting in July.
"I'm certainly happy with the performance-related development of the county scene, counties getting rewarded for developing English-based players," said England captain Michael Vaughan.
"The crucial facts of the last year or so are that England has had a number of heroes for the kids to look up to. There are a lot of people talking about cricket now."
