In 2023, the UK's higher education expenditure on R&D in the natural sciences was 1.32 billion pounds sterling. Forecasted figures indicate gradual growth, with values rising to 1.34 billion pounds in 2024, ultimately reaching 1.4 billion pounds by 2028. The year-on-year growth from 2023 to 2024 stands at 1.52%, and similar patterns continue in subsequent years, showing a steady increase. Over the five-year period, the compound annual growth rate (CAGR) averages at roughly 1.5%.

Future trends to watch for include:

Increased governmental or private sector funding, potentially accelerating growth.
Impacts of economic conditions on funding allocations and research priorities.
Technological advancements driving efficiencies and new research opportunities.