The forecast for Higher Education Expenditure on R&D in the UK indicates a steady decline from 2024 to 2028, with a value of 0.78 in 2024 decreasing to 0.44 by 2028. In 2023, this value stood at 0.87. The year-on-year percentage change from 2024 to 2028 illustrates a consistent downward trend, averaging an approximate decline of around 12% annually. Over this five-year period, the compound annual growth rate (CAGR) also suggests a continual decrease.
Future trends to watch for include potential governmental policy changes or funding adjustments within higher education, and macroeconomic conditions that could affect R&D investments. Additionally, there may be emerging sectors and technologies influencing funding priorities.
