An SME is a small or medium sized enterprise
which
- Has fewer than 250 employees
- Has an annual turnover not exceeding €40 million
(about £26 million) or a balance sheet total not exceeding
€27 million (about £17 million)
- Conforms to the criteria of independence i.e. less than
25% owned by one or more enterprises not falling within
this definition, except for investments held by public investment
corporations, venture capital companies or institutional
investors provided no control is exercised.
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