In 2023, the intramural R&D expenditure in the UK across all sectors was at a point just before the forecasted increase begins. From 2024 to 2028, the expenditure is expected to rise steadily from 710.79 Euros per capita to 749.58 Euros per capita. This indicates a consistent year-on-year growth. The projected Compound Annual Growth Rate (CAGR) from 2024 to 2028 is indicative of a stable investment in R&D, which aligns with the gradual increase in expenditure. Key trends to focus on include:
• The technological advancements that may drive further investment.
• Policy changes that could impact funding or support for R&D activities.
• Global economic factors influencing the fiscal capacity to sustain or exceed forecasted R&D spending levels.
