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Government invests £50,000 in relaunched Tenner competition

The Government has invested £50,000 in the relaunched scheme’s “Tenner Bank” to allow 5,000 more young people to “experience real business”.

Participants have one month to use the money to start a business, before reporting back, returning the £10 and deciding what to do with any profits.
Michael Mercieca, chief executive of Young Enterprise, said The Tenner will give “young people a chance to explore their entrepreneurial instincts”.

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