Tuesday, 22 September 2020

Questions (107)

Louise O'Reilly

Question:

107. Deputy Louise O'Reilly asked the Taoiseach the number of small and medium enterprises here in which the definition of an SME is a business that employs between 10 and 250 persons.. [25263/20]

View answer

Written answers (Question to Taoiseach)

For the purposes of EU statistics on business, small and medium enterprises (SMEs) are defined as those with between 1 and 249 persons employed. Within the SME category, micro-enterprises are defined as those with less than 10 persons, small enterprises as those with between 10 and 49 persons, and medium-sized enterprises as those with between 50 and 249 persons employed.

The latest figures on the number of SMEs published in Table 6 of the CSO's annual Business Demography statistics. They show that in 2018 there were 248,333 micro-enterprises in the private business economy, 18,077 small enterprises, and 3,277 medium-sized enterprises. This gave a total of 269,687 SMEs, i.e. enterprises with between 1 and 249 persons engaged. There were 21,354 enterprises with between 10 and 249 persons engaged. The total number of enterprises in 2018 was 270,344 and 657 of these were large enterprises.

The private business economy comprises the Industry, Construction, Distribution, Financial and Services sectors (NACE Rev 2 codes B to N, excluding code 64.20 “Activities of Holding Companies”) as classified by the CSO.