As of 2023, the number of employees in high- and medium-high R&D intensive activities in the UK was below 1.79 million. From 2024 onwards, the employee numbers are forecasted to gradually increase, reaching 1.82 million by 2028. The year-on-year growth from 2024 to 2028 indicates a steady, albeit slight, increase. Specifically, the projected annual increase from 2025 to 2026, and likewise from 2027 to 2028, shows constancy in growth. The Compound Annual Growth Rate (CAGR) over these five years stands at a moderate level, affirming the trend towards consistent expansion of the workforce in this sector.

Future trends to watch for:

The impact of economic and political changes such as Brexit, which may influence R&D investments and employment.
The acceleration of digital transformation and adoption of emerging technologies, potentially boosting demand for skilled employees in this sector.
Government policies and incentives targeting R&D growth, which could further enhance employment opportunities.