This document is an excerpt from the EUR-Lex website
SMALL AND MEDIUM-SIZED ENTERPRISES
Commission recommendation 2003/361 defines small and medium-sized enterprises (SMEs) as companies whose staff numbers and profits fall below certain limits:
There are over 20 million SMEs in the EU. Accounting for for 99% of businesses and 2 out of every 3 private sector jobs, they are a key driver of the economy.
While the EU encourages the use of this definition of SMEs as a reference, it is binding only for certain matters, such as State aid, implementing structural funds or EU programmes.