Article 2 U.K. Definitions

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.