The ten-year End of Life Care Strategy, announced by health secretary Alan Johnson, calls for all people to have the choice to die in their own home, rather than in hospital.
Key to the success of the strategy will be the nursing teams, which are already in existence in some parts of the country.
The £286m investment in the strategy will fund the set-up of these teams, which are likely to be based on the model in use by Marie Cure Cancer Care.
The government will increase resources to implement the strategy, giving £88m in 2009/10 and £198m in 2010/11.
However the government has set no targets for the number of nursing jobs that the strategy will create.
Health secretary Alan Johnson said: ‘People coming to the end of their lives and their loved ones deserve high quality, compassionate and dignified care, on their own terms. This strategy will help to make that happen.’