The forecast reveals a stable trend in the UK government's R&D expenditure as a percentage of GDP from 2024 to 2028. The values remain constant at 0.15% for 2024 and 2025, followed by a slight decrease to 0.14% for 2026 through 2028. In 2023, this expenditure was at 0.15% of GDP.
Future trends to watch for:
- Monitor potential policy shifts that could impact R&D funding levels.
- Evaluate the economic climate for any changes in GDP that might influence R&D as a proportion of GDP.
- Keep an eye on technological advancements requiring increased R&D investment.
