In 2023, the expenditure on R&D in Social Sciences, Humanities, and the Arts in the UK stood at an actual $6.18 billion US Dollars PPP. The forecasted data from 2024 to 2028 shows a continuous increase: from $6.27 billion in 2024 to $6.59 billion in 2028, indicating a positive growth trajectory.

The year-on-year growth rates are as follows: 2024 to 2025 is 1.4%, 2025 to 2026 is 1.26%, 2026 to 2027 is 1.24%, and 2027 to 2028 is 1.07%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.23%.

Future trends to watch for:

Potential government policy changes affecting funding allocation to the arts and humanities.
Technological advancements enhancing research methodologies in social sciences.
Private sector collaboration driven by increasing interest in humanities-based insights for innovation.