In 2023, higher education expenditure on R&D in natural sciences in the UK stood at 1.95 billion USD PPP. From 2024 onwards, forecasted data suggest a steady increase, with a value of 2.07 billion USD PPP by 2028. The year-on-year growth varies between 1.52% and 1.49% over the forecasted period. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.5%, indicating a consistent upward trend.
Future trends to watch for include governmental policies affecting R&D funding, emerging technologies requiring increased investment, and potential post-Brexit collaborations which could further influence funding dynamics in the natural sciences sector.
