The UK's intramural R&D expenditure is forecasted to increase from $91.84 billion in 2024 to $102.49 billion by 2028. This exhibits a consistent upward trend with notable year-on-year growth rates varying from approximately 2.9% to 2.6%. Starting at approximately $89.2 billion in 2023, the Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is projected at around 2.7%, indicating a stable investment trajectory in R&D.

Future trends to watch include:

Impact of post-Brexit policies on R&D funding sources and international collaborations.
Technological advances in AI and sustainability influencing R&D focus.
Potential shifts in corporate and government R&D investment priorities.