Business, tax and trades
SME
Abbreviation for small and medium-sized enterprises
In short and in plain language
SME stands for small and medium-sized firms.
These are firms that stay below certain limits. The limits are on staff and on turnover.
Many funding schemes and statistics sort firms by this size.
Definition
Small and medium-sized enterprises are businesses that stay below certain limits for staff and turnover. Many funding programmes and statistics distinguish by this size.