Energy Explained: What does 'SME' mean?

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Welcome to our Energy Glossary videos, this is a series in which we break down various different terms and phrases commonly associated with Energy so you know what they mean!

SME (Small & Medium Enterprise) – Independently owned businesses which are categorised as either small (below £2.8m turnover & 50 employees) or medium (below £11.2 million turnover & 250 employees). Some suppliers have business plans which tailor specifically to this type of enterprise.

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