Once again Germany is the nation to model our youth academies given it's swift turn around in recent years.
Obtaining a licence from the German Football Association is partly dependant on having a set number of players eligible to play for Germany in the first team squad (I think the number is currently set at eight). On top of this every three years each club's academy is intensely scrutinised to ensure it is fit for purpose. As such German clubs spend a fortune on their academies each year to ensure they attract the best coaches and build the best facilities. If their standard's aren't deemed good enough along with a sound financial plan to back it up their licence is revoked.
They've also massively changed their coaching philosophy. Coaches are expected to scout and develop players with an early emphasis on technical ability as opposed to physical attributes and positions. I read a really interesting article recently (Ill dig it up in a bit) how coaches use 4v4 to develop a player's technical ability until around 16, then they worry about gym work, positions and the rest of it.
I know their licensing depends on other factors such as finance but even if for our academies it's definitely worth considering if we're serious about improving the standard of our national side.