Public Consultation to Review the Definition of an 'SME'
The European Commission is seeking, by consultation to review the definition of an SME (small and medium-sized enterprises) to ensure that it remains fit for purpose and meets its objectives in the current economic environment, and to evaluate the need for possible changes.
The current category of micro, small and medium-sized enterprises (SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding EUR 50 million, and/or an annual balance sheet total not exceeding EUR 43 million.
The term is a widely used tool in EU policies such as competition (state aid), structural funds, research and innovation (Horizon 2020). Moreover, the SME definition is relevant for some European administrative exemptions and reduced fees, such as for Regulation on registration, evaluation, authorisation and restriction of chemicals (REACH).
The Commission is currently preparing for an evaluation and possible revision of some aspects of the SME definition. This public consultation is part of this process and will allow any interested actor to provide feedback on the evaluation and impact assessment of the SME definition.
When does this close: 6th May 2018
To take part in this survey please follow the link here.