SME – what is it?

EU Horizon 2020

Small and medium-sized enterprises (SMEs) represent 90% of all businesses in the EU. The definition of an SME is important for access to finance and EU (and UK) support programmes targeted specifically at these enterprises.
Company CategoryStaff HeadcountTurnover, orBalance sheet total
Medium-sized<250≤ € 50 m≤ € 43 m
Small<50≤ € 10 m≤ € 10 m
Micro<10≤ € 2 m≤ € 2 m

These ceilings apply to the figures for individual firms only. A firm that is part of larger group may need to include staff headcount/turnover/balance sheet data from that group too.

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