The forecasted expenditure on R&D in the social sciences within higher education in the UK shows a steady annual increase from 2024 to 2028, marking an upward trend. In 2023, the expenditure stood at 2.35 billion pounds sterling. The year-on-year growth from 2024 to 2028 reflects a consistent increase of approximately 1.67% annually. Over these five years, the compound annual growth rate (CAGR) is anticipated to be around 1.63%. This points to a stable and gradual investment increase in this sector.
Future trends to watch for:
- Potential policy changes affecting education and research funding.
- Technological advancements potentially increasing R&D efficiency.
- The impact of Brexit on international research collaboration and funding.
- Shifts in societal needs driving new areas of research focus.
