In 2023, the expenditure on R&D in Social Sciences, Humanities, and the Arts within UK higher education stood at £4.2 billion. From 2024 onwards, forecasts indicate a steady growth rate, with expenditures reaching £4.45 billion by 2028. This reflects a compound annual growth rate (CAGR) of approximately 1.4% over the five-year period. Year-on-year percentage increases hover around 1.18%, illustrating consistent investment in these fields.
Future trends to watch for include:
- Potential policy changes affecting funding allocations.
- The impact of evolving societal challenges which may redirect focus and resources to specific research areas.
- Technological advancements influencing methodologies and tools in social sciences and humanities research.