In 2023, private non-profit expenditure on R&D in the UK was reported as USD 1.56 billion PPP. Forecasts indicate a steady growth from 2024 to 2028, with values increasing from USD 1.61 billion to USD 1.82 billion PPP. This represents an average annual growth rate (CAGR) of approximately 3.07% over the five-year period. Year-on-year growth rates highlight a consistent increase ranging from 2.95% to 3.01% yearly.
Future trends to watch include the influence of government policies encouraging collaboration between non-profits and private sectors, and technological advancements potentially reshaping R&D priorities. Monitoring economic conditions will be crucial as they could impact funding and investment capacities in the sector.
