Business, tax and funding
SME
Abbreviation for small and medium-sized enterprises
In short and in plain language
SME is a name for small and mid-sized firms as a group.
Many funding schemes, studies and advice services are aimed at this group.
So it is worth it for a small firm to look out for such offers.
Definition
SME is the collective term for small and medium-sized enterprises. Many funding programmes, studies and advisory services are aimed specifically at this group. For a small business it is therefore worth looking out for offers for SMEs.