The report was carried out by NEF consulting and York Health Economic Consortium and looked at Great Ormond Street Hospital for Children and the Institute for Child Health at University College London's Mend 7-13 Programme.
It offers a 10-week after-school club for children who are overweight or obese and covers advice about nutrition and exercise.
The report authors said there were considerable successes in terms of weight loss, take up of physical activities, increased self-esteem and reduction in obesity-related health problems.
There are more than 300 Mend programmes taking place across the UK, but if the scheme was rolled out nationwide it could save between £6.5bn and £8.9bn, mainly in cutting NHS costs and further demand for obesity services, the report said.
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