The statement added that the fund would "help cities and local enterprise partnerships work with local colleges and independent providers to boost the provision of skills needed by local employers".
According to BIS, the cities will be able to use the cash to develop "apprenticeship city hubs" intended to help local firms – particularly small businesses – to take on apprentices.
Clark said: "The City Skills Fund will see our core cities working in partnership with local colleges to ensure employers in their area have access to people with the right skills to help them thrive and grow.
"We are giving cities the change to build the skills they think are most important."
The business department said that the funding would be allocated before 31 March 2012.
Further details on the fund are available here.