Facebook said Friday that it will issue up to $10 million in grants to help support and train community leaders around the world.

The tech giant unveiled its new initiative at a London summit of more than 300 community leaders from across Europe.

The Facebook Community Leadership Program will offer residency, fellowship and training opportunities, as well as community leadership circles and specialized assistance on the social networking platform.

"Facebook will commit tens of millions of dollars to the program, including up to $10 million in grants that will go directly to people creating and leading communities," it said in a statement.

Read also: Facebook says social media not always healthy for democracy

While the social network is a platform for virtual communities to gather, it is also a vehicle for advertisers to reach its more than 2 billion active users. Facebook last week said it booked nearly $13 billion in sales in the last three months of last year.

Leaders at Friday's Facebook gathering included those from Blind Veterans UK, which supports blind veterans and their families; Donna Mamma, a support group for French mothers; and Berlin Bruisers, which is Germany's first gay-inclusive rugby club.

"Community leaders often tell us that with additional support they could have more impact," the company added in the statement.

"The ... program is designed to empower leaders from around the world who are building communities through the Facebook family of apps and services."

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