Forecast: Higher Education Expenditure on R&D in Natural Sciences and Engineering in the UK

In 2023, the expenditure on R&D in Natural Sciences and Engineering in the UK higher education sector stood below the forecast, near $6.50 billion. The forecast from 2024 to 2028 indicates a steady increase from $6.51 to $6.61 billion. Year-on-year growth is minimal, averaging around 0.3% annually. The 5-year compound annual growth rate (CAGR) reflects a modest upward trajectory.

Future trends to watch for include:

• Government policy changes impacting R&D funding.
• Technological advancements influencing research focus areas.
• International collaboration opportunities affecting investment priorities.