The UK's business enterprise expenditure on R&D in services remained steady at 0.73% of GDP from 2024 to 2025 before showing slight growth to 0.74% in 2026 and 2027 and reaching 0.75% by 2028. This stability reflects a moderate commitment to R&D investment amid potential economic fluctuations. The forecast indicates a gradual increase in expenditure, with a compound annual growth rate reflecting incremental adjustments typical of mature service sectors.
Future trends to watch for:
- Increased digital transformation and technological adoption that could influence R&D spending.
- Impacts of policy changes that may affect funding and investment priorities.
- Potential shifts in global economic conditions affecting R&D allocations.
