As of 2023, the number of persons employed in medium-high R&D intensive activities in the UK stood at 1.68 million units. The forecasted data indicates a steady increase from 2024 to 2028, rising from 1.69 million to 1.73 million persons employed. This shows a consistent year-on-year growth of approximately 0.59% to 0.6%. The compound annual growth rate (CAGR) over this five-year period is modest and steady.
Future trends to watch for include:
- The impact of technological advancements which could drive further employment growth in these R&D-intensive sectors.
- Potential policy changes affecting the R&D landscape and investments in the UK.
- Global economic factors that might influence R&D funding and organizational priorities.