The forecast indicates a steady increase in the business enterprise expenditure on R&D in high and medium-high R&D intensive industries in the UK, relative to GDP, from 2024 to 2028. The expected year-on-year growth is modest, with an increase from 0.4% of GDP in 2024 to 0.42% by 2028. This reflects a sustained but cautious commitment to R&D investment in these industries.
Future trends to watch for include potential shifts in government policies affecting R&D funding or incentives, the impact of technological advancements, and the role of international collaborations, which could influence the intensity and scope of R&D investments in the UK.
