The European Commission intends to throw open the definition of SMEs to debate next year but the idea has met with a mixed response from stakeholders, who are unsure what purpose such a consultation will serve.
The announcement came last week in a review of the Small Business Act (SBA) held in the European Economic and Social Committee (EESC), a consultative EU body representing workers and employers.
Massimo Baldinato, a member of the cabinet of EU Internal Market Commissioner Antonio Tajani, told the meeting that the Commission would open a consultation on the definition of SMEs next year.
Currently there are three broad parameters which define SMEs.
- Micro-entities are companies with up to 10 employees;
- small companies employ up to 50 workers, whilst;
- medium-sized enterprises contain up to 250 employees.
To read the full, original article click on this link: 'What is an SME?' Commission to ask | EurActiv
