Source · Select Committees · Business and Trade Committee
Recommendation 62
62
Government's inconsistent use of 'SME' term hinders targeted policy clarity.
Conclusion
SMEs represent 99.9% of UK businesses, ranging from firms with 2 employees to those with 150. The Government’s decision to use this term interchangeably with ‘smaller firms’ means that it is never clear which category of enterprises’ a particular policy intervention is targeting. (Conclusion, Paragraph 215)