In 2023, the UK’s higher education expenditure on R&D represented a certain percentage of Total GERD. The forecast from 2024 to 2028 shows a steady increase in expenditure: starting at 22.77% in 2024 and projected to reach 23.04% by 2028. The year-on-year increase ranges from approximately 0.31% to 0.33% each year, demonstrating consistent growth.
Looking forward, key trends to watch include policy shifts that could further boost R&D funding, the impact of technological advancements in education, and potential collaborations between universities and industries to enhance research capabilities and outcomes.
