In 2023, the private non-profit expenditure on R&D in the UK stood at an estimated 1.25 billion US Dollars PPP. The forecast from 2024 to 2028 shows a steady year-on-year growth, with minor increases from 1.26 billion to 1.29 billion dollars, indicating a stable but slow growth pattern. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 0.63%.

Future trends to watch for:

Potential policy changes affecting R&D funding allocations for non-profits.
Impact of technological advancements on non-profit R&D priorities and spends.
Macroeconomic factors, including inflation rates, which could influence expenditure forecasts.