In 2023, government expenditure on R&D in the humanities and the arts in the UK was approximately 2.62 billion US dollars PPP. The forecast from 2024 to 2028 indicates a positive growth trajectory. Year-on-year growth rates are projected at about 5.76% for 2025, 5.10% for 2026, 5.18% for 2027, and 4.92% for 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated to be 5.24%, reflecting a steady investment increase in these sectors.
Future Trends to Watch:
- Increased prioritization of innovation in humanities and arts could boost economic impacts and cross-disciplinary innovation.
- Potential impact of policy changes, including shifts in government funding priorities under varying economic conditions.
- Emerging digital humanities and arts technologies may require substantial R&D investment.
