The forecast for intramural R&D Expenditure in the UK’s business enterprise sector, spanning from 2024 to 2028, indicates a steady increase from 1.24% to 1.29% of GDP. Given no variation data for 2023, the forecast suggests a year-on-year increase of approximately 0.01 percentage points annually. This consistent trend may result in a Compound Annual Growth Rate (CAGR) near 0.8% over the forecast period.
Future trends to watch for:
- Potential shifts in government policy affecting R&D investment incentives.
- Impact of global economic conditions on business R&D spending.
- Technological advancements influencing sectors with the highest R&D growth.
