University College London generates £10bn a year for UK, says report

UCL's research, knowledge and support for business startups provides boost equal to holding Olympics every year'

University College London has boasted its financial contribution to the British economy is the equivalent of hosting the Olympics every year - in part because of how it encourages graduates to create jobs and investment around the country.

An independent report commissioned by UCL estimates that the university generates close to 10bn a year in economic activity from its spending of 1.67bn. According to the consultancy London Economics, that figure is comparable to the boost in international trade and inward investment delivered by the 2012 London Olympics".