In 2023, the actual R&D labour costs for internal R&D personnel in the UK stood at 26.5 billion US Dollars PPP. The forecasted data for 2024 to 2028 shows a gradual increase, starting at 27.2 billion in 2024 and reaching 29.12 billion by 2028. The year-on-year growth from 2024 to 2025 is approximately 1.8%, while from 2025 to 2026, it is 1.73%. This incremental rise results in a compound annual growth rate (CAGR) of roughly 1.52% over the five-year period from 2024 to 2028.
Future trends to watch for include potential impacts from economic conditions, regulatory changes, and technological advancements. Monitoring these factors will be crucial for predicting further shifts in R&D labour costs. Additionally, the ongoing global talent competition might influence labor cost dynamics in the UK R&D sector.
