The number of employees in medium-high R&D intensive activities in the UK was approximately 1.51 million persons in 2023. The forecast from 2024 to 2028 shows a steady year-on-year growth of about 0.66% annually, indicating a gradual increase in the workforce within this sector. The compound annual growth rate (CAGR) over these five forecasted years remains around 0.66%, reflecting consistent expansion without any significant accelerations or decelerations.
Future trends to watch for:
- Potential shifts in government policies affecting research and development funding.
- Technological advancements that might boost employment in this sector.
- Changes in global economic conditions influencing the UK’s R&D capabilities.