The fund, announced in last month's Budget, aims to prevent young people becoming long-term unemployed as a result of the slowdown in the economy.
Communities Secretary Hazel Blears and Work and Pensions Secretary James Purnell have called on social enterprises to contribute at least 10 per cent of the 150,000 jobs the scheme aims to create by 2011.
They believe Britain's 55,000 social enterprises are ideally placed to help create extra jobs because they can target young people or under-represented groups and help kick-start the careers of people who find it difficult to get jobs.
Hazel Blears said: "Younger people deserve every possible chance to find a job after school but sometimes they need some extra help to reach their full potential and that is where social enterprises can give them a leg-up on to the career ladder."
Register Now to Continue Reading
Thank you for visiting Children & Young People Now and making use of our archive of more than 60,000 expert features, topics hubs, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's Included
-
Free access to 4 subscriber-only articles per month
-
Email newsletter providing advice and guidance across the sector
Already have an account? Sign in here
