The Football League have voted for the Elite Player Performance Plan to go ahead, with the Premier League and Football Association also in favour of the new scheme.
All league clubs made the decision on whether to back the EPPP today, with the votes scoring 46 to 22 in acceptance of the new system.
This will result in the structure of every club's Academy being altered in order to fit with the new criteria.
Each youth system will be considered as one of four different categories, with category one costing approximately £2.5m with the requirements of 18 members of staff along with a residential area, according to Sky Sports News.
A fixed compensation rule will also be set up under the EPPP guidelines which will be used between clubs trying to agree a fee for a player under 17 years of age.