In 2023, the UK's intramural R&D expenditure stood at approximately 1.78% of GDP. Over the forecast period from 2024 to 2028, a steady, modest increase is projected, culminating in 1.83% by 2028. The year-on-year growth from 2024 to 2028 reflects a stable pattern of minimal increases, indicating a consistent commitment to R&D investment relative to GDP.
The compound annual growth rate (CAGR) over this five-year trajectory suggests a slight upward trend.
- Observing innovation-driven sectors and potential policy changes impacting investment
- Monitoring global economic conditions that could influence spending commitment
