The increase - which also goes to organisations providing adult social care - recognises the "tremendous efforts and financial pressure that they are facing in the fight against COVID-19."
The extra money will be paid until at least the end of June.
The news has been welcomed by some members of Cambridgeshire and Peterborough Partnership Boards, which help people get involved in health and adult social care decision making locally.
"Really good news" said one of the Independent Members on the Older People's Partnership Board.
Another Independent Member, on the Carers' Partnership Board echoed the sentiment, calling it "excellent news".
Graham Lewis, Healthwatch Partnership Development Manager, supports the work of the Partnership Boards and he said the increase would be appreciated.
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