The business enterprise expenditure on R&D in the UK for high and medium-high R&D intensive industries is forecast to grow modestly from 2024 through 2028, increasing from 32.95% to 33.41% of Total BERD. This reflects a year-on-year growth rate of approximately 0.36% starting from the value in 2024. The last available actual data from 2023 stood below this range, setting the baseline for these projections.

Future trends to watch for include:

Potential modifications in UK governmental policies affecting R&D expenditure
Advancements in technology which could drive further investment in high-intensity R&D sectors
Economic factors such as inflation and global market shifts impacting R&D budgets