The University of Granada is one of the largest universities in Spain, with approximately 56,000 students. Each year the city also attracts over 10,000 foreign students, including over 2,000 European students through the Erasmus programme. As well as providing employment to a large number of people, the university also boosts the local economy by creating demand for rental property. The money spent by students also helps to support shops, restaurants, bars and other services in the city. In recent years the university has also been working to capitalise on the research it does through commercial ventures.