The SME Market in The United Kingdom

What is a Small to Medium Enterprise in The United Kingdom?

Small and medium enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees between certain thresholds. Each country has its own definition of what constitutes a small and medium-sized enterprise (SME). Small and medium-sized enterprises in Europe generally are businesses with no more than 500 employees and encompasses enterprises with different ownership structures and varying numbers of employees and levels of economic activity. The European Union has its own rules for its member states.

  🇬🇧 GBP [1.3235 USD]    Europe/Isle_of_Man   Europe/London
The  SME Market in The United Kingdom
Image: Phil Long

How big is the SME Market in The United Kingdom?

Small and medium-size enterprises play a hugely important role in the economy of The United Kingdom (Great Britain). They outnumber large firms considerably, employ vast numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities.

The United Kingdom (Great Britain) has a population of over 68,005,651 people.

What help is available for SMEs in The United Kingdom?

Help for small and medium enterprises (SMEs) includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we have suitable people to help you whatever your language or time zone.

Europe

England | Isle of Man | Northern Ireland | Scotland | Wales