More than 7,000 students could benefit from the Government's graduate internship scheme.
The programme which is also being promoted by the Federation of Small Businesses will support small businesses to take on-and get the best from-a graduate intern.
More than 50 Universities have taken up the Government's £13.6 million fund to provide internships in small businesses by the end of the year, in a bid to help young people through these tough times.
Graduates will get practical assistance before, during and after their internship, including mentoring, pre-employment and interview training, and CV workshops.
The Prime Minister Gordon Brown says "By Backing Young Britain and working with small businesses through these difficult times, we can help ensure that we secure sustainable economic growth for the future."