The UK government’s expenditure on R&D in natural sciences and engineering shows a declining trend from 2024 to 2028, starting at 1.82 billion US Dollars PPP and decreasing to 1.66 billion. In 2023, this expenditure was recorded at an estimated 1.86 billion. Year-on-year variations depict gradual reductions: 2.2% in 2025, 2.25% in 2026, 2.3% in 2027, and 2.35% in 2028. The compound annual growth rate (CAGR) over these five years is expected to be -2.33%.
Trends to watch:
- Potential policy changes impacting funding allocations.
- Influence of global economic conditions on national R&D priorities.
- Technological advancements necessitating increased investment focus.
