The forecast for higher education R&D expenditure in the UK shows a steady increase from 2024 to 2028, starting from 24.33 billion USD PPP in 2024 and reaching 27.3 billion USD PPP by 2028. To place this in context, the R&D spending in 2023 was 23.59 billion USD PPP. The year-on-year growth indicates a consistent rise, with annual increments. Over the five-year period, the compound annual growth rate (CAGR) is positive, indicating sustained investment in R&D by higher education institutions.
Future trends to watch for include:
- Impact of Brexit on EU research funding and collaboration.
- Changes in government policy affecting education and research.
- Technological advancements influencing R&D priorities.
- Inflation and economic volatility affecting real budget growth.
