Only SMEs (small and medium enterprises) in Suffolk are eligible for free support and grants through Low Carbon Champions. SMEs are defined broadly as:
- Employing no more than 250 people
- Annual turnover not exceeding €50m
- Annual balance sheet not exceeding €43m
- Limited company or Social Enterprise
- Must not be more than 25% owned by one or more companies not falling within this definition, (except public investment corporations, venture capital companies or - provided no control is exercised - institutional investors).
- Must not have ownership of other organisations/companies in excess of permitted levels allowable under the EU definition of an SME.
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