The UK higher education expenditure on R&D is forecasted to increase steadily from 2024 to 2028, starting at 24.33 billion USD PPP in 2024 and reaching 27.3 billion USD PPP by 2028. This reflects a Compound Annual Growth Rate (CAGR) of approximately 2.9% over this period. In 2023, the value stood at 23.62 billion USD PPP, indicating a robust growth trajectory. The year-on-year increases highlight ongoing investment and emphasis on R&D by UK higher education institutions.
Future trends to watch for include:
- Impact of UK governmental policies on R&D funding post-2028.
- The role of international collaboration in further boosting R&D expenditures.
- Potential economic fluctuations influencing long-term investment capabilities.
