The SME Market in Great Britain

What is a Small to Medium Enterprise in Great Britain?

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.

How big is the SME Market in Great Britain?

Small and medium-size enterprises play a hugely important role in the economy of 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.

Great Britain has a population of over 68,005,651 people. At full performance the GDP of Great Britain is over $2,638,000,000,000 USD.

What help is available for SMEs in Great Britain?

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