We often hear the term 'SME' or Small, or Medium sized Enterprise but the exact definition can change depending of who is using the term. Here is the European Commission Enterprise and Industry Publications definition and user guide
The guide contains:
Details and explanations of the SME definition which took effect on 1/1/2005.
A model declaration that individual companies may complete themselves when applying to SME support schemes in order to establish their SME status.
The full guide is in the 'document library' below or at http://ec.europa.eu/enterprise/enterprise_policy/sme_definition/sme_user_guide.pdf
‘Micro, small and medium-sized enterprises (SMEs) are the engine of the
European economy. They are an essential source of jobs, create entrepreneurial
spirit and innovation in the EU and are thus crucial for fostering competitiveness
and employment. The new SME definition, which entered into force on
1 January 2005, represents a major step towards an improved business
environment for SMEs and aims at promoting entrepreneurship, investments
and growth. This definition has been elaborated after broad consultations
with the stakeholders involved which proves that listening to SMEs is a key
towards the successful implementation of the Lisbon goals’.
Günter Verheugen,
Member of the European Commission
Responsible for Enterprise and Industry