In 2023, the business enterprise R&D expenditure in computer programming, consultancy, and related activities in the UK was not explicitly listed, but the forecast for 2024 is 2.57 billion pounds. The expenditure is projected to increase steadily each year, reaching 2.83 billion pounds by 2028. The year-on-year percentage increase ranges from approximately 2.71% (from 2024 to 2025) to about 2.17% (from 2027 to 2028). Over the forecasted period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 2.40%.
Future trends to watch for in this sector include:
- Technological advancements leading to greater R&D needs.
- Policy changes or economic shifts affecting funding and investments in R&D.
- The emergence of new programming and consultancy fields that could drive further expenditure increases.
