In 2023, higher education expenditure on R&D in humanities and the arts in the UK was valued at 2.7 billion USD PPP. The forecast indicates a steady growth, reaching 2.82 billion USD PPP by 2028. Year-on-year growth rates are modest, with a persistent annual increase. For example, the increase from 2024-2025 is approximately 0.73%, and a similar trend continues through 2028. The compound annual growth rate (CAGR) over five years averages slightly below 1%, displaying a stable yet slow growth trajectory in this sector.
Future trends to watch for:
- Impact of emerging technologies on humanities research.
- Government policies affecting funding allocation for arts and humanities.
- Increased collaboration with international institutions to enhance research outcomes.
- Adoption of interdisciplinary approaches integrating arts with sciences and technology.