The forecast for the UK’s intramural R&D expenditure in the private non-profit sector as a percentage of GDP shows a gradual increase from 2024 to 2028, moving from 0.043% to 0.046%. The data presents a slow yet steady growth of approximately 2.3% year-on-year from 2024 to 2028. In 2023, the intramural R&D expenditure was notably lower, setting the basis for this forecasted growth. The compound annual growth rate (CAGR) over the five-year period is modest, signaling conservative expansion in R&D investments.
Future trends to watch include shifts in government policy or funding that could accelerate R&D activities, the influence of technological advancements, and the sector's adaptation to post-Brexit regulations and challenges.
