AN analysis of the economic impact of Glasgow Caledonian University (GCU) found that it boosts the Scottish economy by £444 million each year.

Independent research by economic consultancy Biggar Economics also estimated the university supports 10,000 jobs and generates £7.20 for every £1 it receives through the Scottish Funding Council.

The report found that GCU is "significantly better" than the Scottish average at providing places for disadvantaged students, with almost a third of their students coming from the 40% most deprived areas.

Professor Pamela Gillies CBE, Principal and Vice- Chancellor of GCU said: "I am delighted with the findings. Against a backdrop of ongoing financial challenges, we have managed to increase the contribution the university makes to the Scottish economy.

"The report underlines the success of our Business Academies and our decision to open GCU London, the first Scottish University with a campus in the city.

"It is also a testament to the ingenuity and innovation of our staff and students, whose hard work means we continue to deliver real benefits for the communities we serve."

The report has shown an increase in GCU's contribution to the Scottish economy by 9.4%, up £38m since a 2010 report by Biggar Economics identified a £406m economic impact.

A study into the impact of St Andrews University showed it contributes £484m a year to the economy.