The forecast for higher education expenditure on R&D in the UK shows a steady increase from 2024 to 2028, climbing from $19.99 billion to $21.54 billion in constant 2015 US Dollars PPP. In 2023, this expenditure was approximately $19.6 billion. The year-on-year growth demonstrates consistent upward momentum: 1.95% in 2025, 1.91% in 2026, 1.88% in 2027, and 1.79% in 2028. The forecasted Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 1.88%.
Future trends to watch for include:
- Fluctuations in government funding and policies affecting higher education R&D investments.
- Impacts of global economic conditions and emerging technologies on R&D priorities.
- Collaboration between academia and industry driving R&D growth.
