Prime Minister Liz Truss has announced plans to widen the regulatory exemptions for SMEs to businesses with fewer than 500 employees for future and reviewed regulations, and to consult on potentially extending the threshold to businesses with 1,000 employees after assessing the effect of the current extension. The EU generally defines SMEs as having fewer than 250 employees.
Prime Minister Liz Truss has announced plans to widen the regulatory exemptions for SMEs to businesses with fewer than 500 employees for future and reviewed regulations, and to consult on potentially extending the threshold to businesses with 1,000 employees after assessing the effect of the current extension. The EU generally defines SMEs as having fewer than 250 employees.
