A new survey from CFIB found that a mid-range estimate shows 21,000 small businesses at risk of closing in B.C. (Ashley Wadhwani/Black Press Media)

A new survey from CFIB found that a mid-range estimate shows 21,000 small businesses at risk of closing in B.C. (Ashley Wadhwani/Black Press Media)

21,000 small businesses in B.C. at risk of closure due to COVID-19: survey

Sectors like hospitality hardest hit, while others like agriculture and construction remain more stable.

A survey done by the Canadian Federation of Independent Business (CFIB) found that more than 21,000 small businesses in B.C. are at risk of closing.

These numbers don’t include businesses that have already closed due to COVID-19.

The CFIB has set up a website that tracks small businesses’ recovery throughout the COVID-19 pandemic. According to their data, in B.C. only 64 per cent of small businesses are fully open, only 32 per cent of fully staffed, and just 27 per cent are recording normal sales.

The survey, completed by over 5,000 CFIB members, also showed that one in seven small businesses in Canada are at risk of going under. That’s 14 per cent of all small and medium businesses.

“Small businesses are big players in our economy, so minimizing business losses is critical to recovery,” said Laura Jones, executive vice-president at CFIB.

“Right now both government support and consumer behaviour are critical to transitioning back to conditions that allow businesses to survive and thrive.”

CFIB estimates that business closures in B.C. due to COVID-19 will range from the low end of 6,395 (4 per cent), to the high-end estimate of 28,920 (16 per cent). A medium range for this estimate is shows that over 21,116 (12 per cent) are at risk.

While CFIB said that they haven’t analyzed the breakdown between rural and urban small businesses, they say that business sectors have been a bigger factor in how well a business is currently doing.

“In sectors like hospitality, those regions will be harder hit, compared to sectors like agriculture and construction,” said Jones. “That’s been a bigger factor than geography.”

Jones and the CFIB know that business closures are inevitable. Their hope and goal is that government can help bring those closures to the lower range of the CFIB’s estimates.

READ ALSO: A restaurant check-in for B.C.’s next phase of restart

Jones added that while some government support has been useful to businesses, there’s a key section of their recovery plan being left out – rent.

“One in three businesses are saying that rent support is missing,” said Jones.

While government support will be key in recovery for small and medium-sized businesses, consumers will play a large role in helping keep these establishments open.

“There’s been a lot of shopping that’s shifted to larger businesses like Walmart and Amazon,” said Jones. “We’d really like for that to shift back and for consumers to support their local small businesses.”

The methodology for the study shows a margin of error of plus or minus 1.3 per cent, 19 times out of 20.

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

CoronavirusSmall Business

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Surrey Council Chambers. (File photo)
Surrey city councillors complain not enough public input in committees

City has gone ‘exactly the opposite direction,’ Councillor Brenda Locke charges

Pindie Dhaliwal, one of the organizers for the Surrey Challo protest for Indian farmers. She says organizers were told by Surrey RCMP that the event was not allowed due to COVID-19. Organizers ended up moving the protest to Strawberry Hill at the last minute. (Photo: Lauren Collins)
Indian farmers rally moves as organizers say Surrey RCMP told them they couldn’t gather

Protest originally planned in Cloverdale, moved to Strawberry Hill

Fraser Health has declared a COVID-19 outbreak at a Surrey high-intensity rehabilitation unit, Laurel Place. On Dec. 22, 2020, Fraser Health said four patients and two staff members have tested positive for the virus. (Image: Google Street View)
Fraser Health says COVID-19 outbreak over at Laurel Place in Surrey

Health authority declared outbreak over Jan. 16

Tsawwassen resident Angeline Splockton won $100,000 from a Luxury Crossword Scratch & Win ticket. (BCLC photo)
Nightly ritual turns into $100K win for Tsawwassen woman

Angeline Splockton uncovered 11 words on her Luxury Crossword Scratch & Win ticket

A Transit Police officer and another driver were injured on Nov. 4 in a traffic crash while the officer was responding to another officers call for help catching a man who escaped custody. (Photo: Shane MacKichan)
Police watchdog investigating Surrey crash that injured transit cop, another driver

Crash happened 11 p.m. Nov. 4, at 128th Street and 93rd Avenue in Cedar Hills

Keith the curious kitten is seen on Nov. 4, 2020 at the Chilliwack SPCA. Friday, Jan. 22, 2021 is Answer Your Cat’s Questions Day. (Jenna Hauck/ Chilliwack Progress file)
Unofficial holidays: Here’s what people are celebrating for the week of Jan. 17 to 23

Answer Your Cat’s Questions Day, Pie Day and International Sweatpants Day are all coming up this week

(Phil McLachlan - Capital News)
‘Targeted’ shooting in Coquitlam leaves woman in hospital

The woman suffered non-life threatening injuries in what police believe to be a targeted shooting Saturday morning

sdf
Another Mission student arrested for assault, in 2nd case of in-school violence this week

RCMP notified of local Instagram page with videos (now deleted) showing student assaults, bullying

A unique-looking deer has been visiting a Nanoose Bay property with its mother. (Frieda Van der Ree photo)
A deer with 3 ears? Unique animal routinely visits B.C. property

Experts say interesting look may be result of an injury rather than an odd birth defect

Standardized foundation skills assessment tests in B.C. schools will be going ahead later than usual, from Feb. 16 to March 12 for students in Grades 4 and 7. (Black Press Media file photo)
B.C. teachers say COVID-affected school year perfect time to end standardized tests

Foundational skills testing of Grade 4 and 7 students planned for February ad March

Sooke’s Jim Bottomley is among a handful of futurists based in Canada. “I want to help people understand the future of humanity.” (Aaron Guillen - Sooke News Mirror)
No crystal ball: B.C. man reveals how he makes his living predicting the future

63-year-old has worked analytical magic for politicians, car brands, and cosmetic companies

Terry David Mulligan. (Submitted photo)
Podcast: Interview with longtime actor/broadcaster and B.C. resident Terry David Mulligan

Podcast: Talk includes TDM’s RCMP career, radio, TV, wine, Janis Joplin and much more

Seasonal influenza vaccine is administered starting each fall in B.C. and around the world. (Langley Advance Times)
After 30,000 tests, influenza virtually nowhere to be found in B.C.

COVID-19 precautions have eliminated seasonal infection

Prime Minister Justin Trudeau listens to a question during a news conference outside Rideau cottage in Ottawa, Friday, January 8, 2021. THE CANADIAN PRESS/Adrian Wyld
Trudeau says Canada’s COVID vaccine plan on track despite Pfizer cutting back deliveries

Canadian officials say country will still likely receive four million doses by the end of March

Most Read