Forecast: Government Expenditure on R&D in Social Sciences in the UK

Between 2024 and 2028, UK government expenditure on R&D in social sciences is projected to rise steadily from $385.92 million to $414.84 million (2015 PPP). This represents a forecasted compound annual growth rate (CAGR) of approximately 1.83%. The year-on-year growth fluctuates, with a growth rate of 2.54% anticipated in 2025 and progressively decreasing to 1.23% by 2028. In 2023, the expenditure stood at $373.91 million.

Future trends to watch for include:

  • Potential impacts of policy changes and economic conditions on R&D funding.
  • Shifts in priority areas within social sciences that could influence funding allocation.
  • International collaborations and their effect on UK spending.

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