What is an SME?
SME stands for Small and Medium Sized Enterprise. The European Commission defines an SME as:
| Small Enterprise | Medium Enterprise | |
| Employees | < 50 | < 250 |
| AND EITHER Turnover | < 10 million Euros | < 50 million Euros |
| OR Balance Sheet | < 10 million Euros | < 50 million Euros |
These definitions change occasionally and the latest information can be found on www.europa.eu.int/comm/enterprise
