In 2023, Business Enterprise R&D Expenditure in the UK within computer programming, consultancy, and related activities stood at 3.69 billion US Dollars PPP. The forecast from 2024 through 2028 shows a gradual increase, starting at 3.79 billion and reaching 4.18 billion by 2028. The year-on-year growth rates are approximately 2.64% for 2025, 2.57% for 2026, 2.51% for 2027, and 2.20% for 2028. The compound annual growth rate (CAGR) over these five years is estimated at 2.52%.

Future trends to watch:

The impact of emerging technologies such as artificial intelligence, blockchain, and quantum computing on R&D investments.
Increasing influence of digital transformation across sectors driving higher R&D spending.
Government policy changes, especially concerning grant allocations for tech sectors, could significantly impact growth rates.