The forecast for the UK private non-profit expenditure on R&D shows a steady upward trend from 2024 to 2028, starting at $1.38 billion USD PPP in 2024, reaching $1.51 billion USD PPP by 2028. In 2023, this expenditure amounted to approximately $1.35 billion USD PPP. Year-on-year variations suggest a consistent annual increase of around 2.2% during the forecast period. The compound annual growth rate (CAGR) from 2024 to 2028 is roughly 2.2%, reflecting steady growth.
Future trends to watch for include potential shifts in funding priorities driven by policy changes, the impact of technological advancements on R&D efficiency, and the evolving landscape of public-private partnerships which may influence overall expenditure levels.
