"don't let the crunch crush britain's youth"

The group, which uses an American model by training students before giving them experience in the workplace, has continued to grow since it was established six years ago.

But Mr May, said the current downturn in the economy has caused him to fear fewer companies will take on the students in the near future.

He said: “From our last batch of graduates, I’m really pleased to report that 92 per cent went into higher education or employment.
“That’s an outstanding figure. But the future will be challenging. In the short term we’re facing an economic downturn.
“We have to keep the faith because actually we’re investing in the next generation of UK plc.
“If we don’t continue to do this, a great opportunity will be lost.�

Educational establishments across London, including Tower Hamlets College and Thomas Tallis School in Greenwich, take part in the scheme, with students carrying out work experience with companies across the UK, including 17 from Canary Wharf.

Mr May was addressing groups linked with his company. He said despite worries for next year, there were good signs for the organisation.

Another 36 schools and colleges are hoping to sign up from September, taking the total number up to around 100. Meanwhile, a record 700 students will be doing internships this summer.

A report presented at the annual forum suggested there is support for the scheme amongst UK companies.

Minister for State Schools and Learners Jim Knight said: “The report shows we can build on the success we’ve seen.
“Everything we do must be about ensuring young people don’t look back on their education as a wasted
opportunity.�