The Reach report, which was published in August, said if black young men were encouraged to fulfil their potential the economy could benefit by 24 billion pounds over the next 50 years.
Mentoring is central in the government's proposals. It wants to set up a group of 20 recognised national role models who will tour England speaking to black young men.
Four chairs have been selected to lead this aspect of the work: fashion designer Ozwald Boateng, the winner of the Apprentice TV show Tim Campbell, Met Police superintendent Leroy Logan, and Operation Black Vote founder Simon Woolley.
The chairs will be supported by two pupils from Eastlea Community School and two young advisors.
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