In 2023, private non-profit expenditure on R&D in the UK stood at 1.24 billion US Dollars PPP. The forecast indicates a modest increase in spending over the next five years, reaching 1.27 billion US Dollars PPP by 2028. This represents year-on-year growth of 0.8% from 2025 to 2026 and 0.79% from 2026 to 2027, followed by no growth between 2027 and 2028. The compound annual growth rate (CAGR) over this period is projected to be approximately 0.48%, highlighting a slow but steady upward trend in R&D investment.
Future trends to watch for:
- Potential impact of governmental policies on R&D funding levels.
- Shifts in global financing and emphasis on technology and innovation sectors.
- Changes in partnership dynamics between non-profits and commercial enterprises.
