SME definition revisited
July 11 2011
European Commission Vice-President Tajani has set out to revisit the definition of what constitutes an SME by launching a consultation in 2012.
ESBA supports Vice-President Tajani's idea of a consultation regarding the SME definition.
As important as it is to acknowledge the difference between SMEs and larger companies, and to adapt and 'tailor' legislation for SMEs accordingly, it is equally important to finally and fully accept that the same is true for the difference between micro-businesses and larger SMEs.
The SME spectrum of 1 - 250 employees is still very large and where a company of 200 employees may be perfectly able to comply with a piece of EU legislation, a company of three employees may have great difficulties in terms of financial and other resources to comply and could ultimately go bust.
However,ESBA stresses that by no means should a revised SME definition ever exceed the current 250 employee threshold.
To read the full Euractiv Article, please visit:
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