What is a small and medium sized enterprise?
Harrow's small business community is vital to the local economy and generates employment and income for the borough.
A small and medium sized enterprise (SME) is defined as a business that:
- employs less than 250 full time equivalent people
- has a turnover of less than £28 million
- must not be more than 25% owned by a non - SME
(EU, Jan 2005)