In the UK, the R&D budget for Health and Society as a percentage of GDP is forecasted to remain at 0.17 from 2024 to 2025, before increasing slightly to 0.18 from 2026 to 2028. Compared to the actual percentage in 2023, the focus is on maintaining and boosting the allocation modestly over the forthcoming years. The lack of year-on-year growth highlights a stable funding strategy with slight growth over the next five years.
Future trends to watch for include:
- Potential policy shifts that could impact funding.
- Investment in technology to improve efficiency in health R&D spending.
- External economic factors that may necessitate adjustments in R&D allocation.
