Same as previous editions held in odd-numbered years, the tournament acted as the UEFA qualifiers for the FIFA U-17 World Cup.

The top five teams of the tournament qualified for the 2023 FIFA U-17 World Cup in Indonesia as the UEFA representatives.

For the UEFA European Under-17 Championship final tournaments of 2023 and 2024, Hungary and Cyprus were selected as hosts respectively.

The final draw was made on 3 April 2023 at Ensana Thermal Margaret Island Health Spa Hotel, Budapest.

In the knockout stage, a penalty shoot-out was used to decide the winner if necessary (no extra time was played).