Summary
The European Parliament calls for a review of the SME definition to better support small businesses, address 'MidCaps', and prevent large firms from exploiting small-business benefits. 10 04.07.2018
Other
economy
public administration
business and competition
simplification of legislation
Key points
- SMEs are the backbone of the EU economy, representing 99% of all businesses and providing millions of jobs.
- The definition of SMEs should be updated periodically to account for economic factors like inflation and labor productivity.
- The Commission must prevent large companies from using artificial corporate structures to claim SME benefits.
- A separate definition and targeted support should be established for 'MidCaps', which are companies that have outgrown the SME status.
Documents (PDFs)
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