Terrible sneer priest projects? (11)

I believe the answer is:

enterprises

'projects?' is the definition.
(enterprise is a kind of project)

'terrible sneer priest' is the wordplay.
'terrible' indicates an anagram.
'sneer'+'priest'='sneerpriest'
'sneerpriest' anagrammed gives 'ENTERPRISES'.

(Another definition for enterprises that I've seen is " Businesses".)

I've seen this clue in The Independent.

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