In 2023, higher education expenditure on R&D in humanities and the arts in the UK stood at 1.84 billion pounds sterling. Forecasts for 2024-2028 indicate a cautious but steady increase, with a compound annual growth rate (CAGR) of approximately 0.6% over these five years. The yearly growth percentages are modest, averaging around 0.54% year-on-year, reflecting a stable commitment to investment in these fields despite slow growth.
Future trends to watch for include:
- Potential policy changes impacting funding allocation for humanities and arts.
- Technological advancements and their integration into arts and humanities research methodologies.
- Fluctuations in economic conditions that might influence governmental or institutional R&D budgets.