http://www.legislation.gov.uk/eudn/2014/553/article/2Decision No 553/2014/EU of the European Parliament and of the Council of 15 May 2014 on the participation of the Union in a Research and Development Programme jointly undertaken by several Member States aimed at supporting research and development performing small and medium-sized enterprises (Text with EEA relevance)Decision No 553/2014/EU of the European Parliament and of the CouncilDecision No 553/2014/EU of the European Parliament and of the Council of 15 May 2014 on the participation of the Union in a Research and Development Programme jointly undertaken by several Member States aimed at supporting research and development performing small and medium-sized enterprises (Text with EEA relevance)2020-12-12King's Printer of Acts of Parliamenthttps://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014D0553texttext/xmlen2014-05-15
Article 2Definitions

For the purpose of this Decision the following definitions apply:

(1)

‘SME’ means a micro-, small- and medium-sized enterprises, as defined in Recommendation 2003/361/EC;

(2)

‘research and development performing SME’ means an SME which meets at least one of the following conditions:

(a)

reinvests at least 10 % of its turnover to research and development activities;

(b)

dedicates at least 10 % of its full-time equivalents to research and development activities;

(c)

has at least five full-time equivalents (for SME with no more than 100 full-time equivalents) for research and development activities; or

(d)

has 10 full-time equivalents (for SME with over 100 full-time equivalents) for research and development activities.