The production of high R&D intensive activities in the UK shows a steady increase from 2024 to 2028, with forecasts indicating growth from £93.39 billion to £101.25 billion. In 2023, the production was lower, marking a progressive upward trend across the forecasted years. The year-on-year variation reveals a consistent growth rate of roughly 2% annually. Over this five-year period, the Compound Annual Growth Rate (CAGR) is anticipated to be moderate, underlining a stable rise in this sector.
Future trends to watch for include:
- Potential impacts of governmental policy changes on R&D funding and tax incentives.
- Shifts in global trade relations which could influence R&D activity levels and collaborations.
- Technological advancements that may drive increased R&D investments, spurring further growth.
- Economic stability post-Brexit and how it supports or hinders R&D sector expansion.
