Written Question·Department for Business and Trade·UIN 89485

Small Businesses

Tabled: 11 November 2025

Answered: 18 November 2025

Question

Kevin Hollinrake

To ask the Secretary of State for Business and Trade, with reference to the written statement of 21 October 2025, HCWS973, on Regulation Action Plan Update and Modernisation of Corporate Reporting, if he will increase the definition of SME firms from 250

Answer

Blair McDougall

The Department introduced legislation earlier this year that raised the monetary thresholds for micro, small, medium, and large companies by approximately 50%, thereby reducing reporting obligations for 133,000 companies moving into a smaller size categor...

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