What is an SME Business? A Clear Definition and Explanation

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Originally posted on September 19, 2023 @ 11:33 Small and medium-sized enterprises (SMEs) are a vital component of the UK economy. These businesses typically have fewer than 250 employees and an annual turnover of less than £50 million. SMEs make up the vast majority of businesses in the UK, accounting for over 99% of the total business population. The UK government recognises the importance of…

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