EU proposes new small mid-cap category to boost business growth

Three European Parliament committees this week voted to endorse proposals introducing a new category of small mid-cap enterprises to extend regulatory exemptions to growing businesses.

The move seeks to bridge the gap between small and medium enterprises and large corporations by creating targeted measures for companies that have grown beyond their initial status.

Lawmakers aim to avoid cliff-edge situations where the administrative obligations of a company drastically increase the moment they exceed current thresholds.