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The government is set to launch a youth-led organisation to represent social enterprise and encourage new business start-ups.
The Commission for Youth Social Entrepreneurship is the first of its kind and forms part of a wider annual initiative to promote entrepreneurship among young people.
Last Friday was declared Social Enterprise Day, which aimed to encourage company formation in the UK to grow.
As part of the days events was an online competition for young people, in which they had to choose their favourite idea to change the world.
Ministers also announced during the occasion, that GCSE business studies students will study social enterprise as a core part of the syllabus from September 2008.
Cabinet Office minister Ed Miliband said: "The enthusiasm with which social enterprise is being embraced around the country reflects the desire among many - especially young people - to be more ethical in their choices and actions."
He also added that he wanted to see a new breed of entrepreneurs doing business in a way that "combines making money with having a significant positive impact on our communities and environment".
The combined turnover of social enterprise is an estimated £27 billion a year with a contribution to GDP of around £8.4 billion.
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