John Healey said he will invest £15 million to “back practical action to tackle misogyny head on” on the eve of the Budget .

The Chancellor will commit £5 million a year over the next three years to schemes including mentoring for young people, workplace training and communications campaigns to improve women and girls’ safety.

The Government announced the move as Mr Healey is preparing to deliver his first Budget in the role on Wednesday against the backdrop of a difficult economic situation.

The Chancellor is facing an uncertain economic backdrop ahead of his first Budget in the role, amid a challenging remit to balance the country’s finances while supporting Britons facing cost-of-living pressures.

The misogyny prevention fund, expected to be confirmed at the fiscal statement, will support the work of a national taskforce established by women and equalities minister Bridget Phillipson last month.

Ministers hope the investment will attract additional funding from businesses and philanthropists to…