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Consultation on SME definition

The European Commission is reviewing how micro, small and medium-sized enterprises (SMEs) are defined (Recommendation 2003/361/EC of 6 may 2003).

The goal of this review is to ensure that the SME Definition remains fit for purpose and meets its objectives in the current economic environment. This questionnaire will help assess to what extent the current SME Definition is appropriate and assess options for possible changes to the Recommendation, so that European small businesses can continue to receive dedicated policy support.

Answer to the consultation on :

https://ec.europa.eu/eusurvey/runner/targeted_sme_definition

 

At the end of the questionnaire, please use the code BE00149 that is the one of the Chamber of Commerce of Brussels, as member of Enterprise Europe Network.

 

By providing one common definition of what is to be considered a 'genuine' SME, the main objectives of the Recommendation are to:

- create a level playing field and avoid distortion of competition between enterprises;

- ensure equal treatment of all SMEs; and

- improve the consistency and effectiveness of SME policies.

A 'genuine' SME is considered an enterprise for which size might represent a handicap. A number of European policies have been set up to ensure these SMEs benefit from financial support, fee reduction, reduced administrative burden, etc. The EU SME Definition is an operational tool to select the SMEs that should benefit from these policies.

In order to identify these 'genuine' SMEs, the EU SME Definition is based on 3 criteria:

Staff headcount;

Financial parameters;

Independence/ownership.

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Consultation on SME definition

The European Commission is reviewing how micro, small and medium-sized enterprises (SMEs) are defined [...]


 

 

 

 

 

 

 

 

 

 

 

 

 

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