£2.7m will support the NHS-led service change and development of CAMHS, which was launched earlier this year. It will also support specialist services, ensuring young people are assessed when they present in crisis at an A&E department or are arrested under s136 of the Mental Health Act 1983.
A further £1.1m will be invested to support the development of psychological therapies for children and young people across Wales.
Other investments include:
Professor Drakeford said:
"Across Wales, CAMHS teams work tirelessly to support children and young people with emotional and mental health needs.
"Last month, I announced we would be investing an additional £7.6m every year in child and adolescent mental health services across Wales.
"Today, I'm pleased to confirm this money is going to be used to ensure children and young people and their families receive the right support, at the right time."
The Minister has also announced details of an extension to the Discretionary Assistance Fund, which will provide financial support for parents, carers and family members to visit children who are receiving specialist inpatient treatment.
The key features of the fund are:
Professor Drakeford said:
"I am pleased to announce the Minister for Communities and Tackling Poverty and I have agreed to make financial support available to help family members to visit and maintain contact with their children when they receive CAMHS inpatient treatment.
"Being in hospital is a stressful time for anyone, even more so when it is a child who is receiving treatment for a mental illness away from home. As there are only two CAMHS inpatient units in Wales, it can be difficult for families to cover the cost of regular visiting.
"We also know that being able to maintain contact with family and loved ones is an important part of many young people's treatment, which is why the Welsh Government is pleased to be able to offer this support from the Discretionary Assistance Fund."
Distributed by Pressat