In 2023, the UK government expenditure on R&D in Humanities and the Arts was approximately $2.33 billion USD in PPP. The forecast from 2024 to 2028 shows a steady increase from $2.46 billion to $3.06 billion. The year-on-year growth rates for the first two years, 2024 to 2025, and 2025 to 2026, are approximately 6.1% and 6.1% respectively, while over five years, the compound annual growth rate (CAGR) is around 5.7%.
Future trends to watch for include potential shifts in government funding priorities that could impact this steady increase. Additionally, the alignment of R&D in Humanities and the Arts with broader technological innovations may further drive investment in these sectors.
