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Annoyingly the definitions used still vary from scheme to scheme, but the European Union schemes and most UK Government schemes adopt the EU definition which came into force on 1 January 2005 which takes account of employee numbers, turnover and annual balance sheet total. In summary: -

A medium sized enterprise

must have less than 250 full time employees; either an annual turnover of under 50 million Euro or an annual balance sheet total of less that 43 million Euro; not more than 25% of its control in the hands of a non SME enterprise or jointly held by several non SME enterprises.

Small enterprises

must have fewer than 50 employees; annual turnover below 10 million Euro or annual balance sheet total below 10 million Euro and, equally, must not have more than 25% of the shares owned by one or more non SME enterprises.

A micro enterprise

must have less than 10 employees and turnover or annual balance sheet total of less than 2 million Euros. It too must not have holdings by non SMEs as above.

The definitions of cross holdings by non SMEs are complex and we are able to help clarify your status if you have outside investors, hold shares in other companies or are part of a group, directly or indirectly.

News Flash: Latest

First of a kind deployment of innovation

Introduction

Innovate UK are using a novel scheme to assist businesses, particularly SMES to break into markets with novel disruptive technologies in specific sectors.

Contracts covering up to 100% of the cost of demonstrating new technology are available to SMEs operating in the fields of

  • solutions for affordable, sustainable and secure energy delivery
  • solutions for connected transport through the integration of multimodal transportation systems
  • integrated solutions to systemic challenges in urban areas
  • resilience of infrastructure and cities to environmental and societal pressure.

Contracts in value between £250 K and £5 million are available.

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Energy Catalyst, (Round 4) Early Stage Technical Feasibility Grants

The ENERGY CATALYST, an ‘Innovate UK’ grant, supports both businesses and research organisations, including academia, that are UK based or are moving there to respond to challenges across the energy sector. It will fund projects delivering innovative solutions that address ALL the elements of the energy trilemma namely:

  • Reducing Emissions
  • Improving Security of supply
  • Affordability

Key Objective:
It will help stimulate and support innovation at all stages through to commercial readiness. Thus The Energy Catalyst can fund projects from early concept stage through to pre-commercial technology validation, based upon innovation that incorporates, for example:

Read more ...