
8th August 2024
Estimates of research and development performed and funded by businesses, higher education, government, UK Research and Innovation, and non-profit organisations.
Expenditure on research and development (R&D) performed in the UK was £70.7 billion in 2022 (in current prices), an increase of £4.4 billion since 2021 and £12.4 billion since 2018, which is the first period available since the redevelopment of R&D statistics began.
The largest component of R&D expenditure was the business sector, at £49.9 billion (71% of the UK total); followed by the higher education sector, at £16.3 billion (23% of the UK total).
The government sector, including UK Research and Innovation, performed £3.6 billion of R&D (5% of the UK total); the private non-profit sector performed the least, at £0.9 billion (1% of the UK total).
Based on our latest available measure of gross domestic product (GDP), which does not yet incorporate the new R&D methodology, total UK R&D expenditure represented 2.77% of GDP in 2022; this figure is not comparable with previously published estimates, which were last included in the 2019 release.
Read the full report HERE