Cultus Lake Waterpark and adjacent Adventure Park have reopened on a limited basis, while some tourism businesses are more dependent on out-of-province visitors. (Cultus Lake Waterpark)

B.C. tourism industry seeks nearly half of COVID-19 recovery fund

Finance Minister has $1.5 billion to share in September

Tourist-related businesses have taken the worst effects of B.C.’s COVID-19 control measures, and they are asking for $680 million of Finance Minister Carole James’ $1.5 billion recovery fund to help them survive.

In a submission to the B.C. government released July 21, the Tourism Industry Association of B.C. notes that tourism is “the only industry almost entirely based on the discretionary movement of people,” with most of the sector shut down by federal and provincial government orders.

“The only way we can prevent generations of lost economic activity, jobs and tax revenues is by acting decisively now, with innovative and creative solutions that recognize the importance of this sector, which is the face and brand of British Columbia to the world and one of the strongest drivers of the B.C. economy,” said Vivek Sharma, chair of the TIABC.

James has indicated that the $1.5 billion recovery fund, part of the $5 billion borrowed to deal with the pandemic this spring, will be allocated in September. An online survey looking for public input wrapped up July 21, and business sector meetings will carry on for the rest of the summer.

RELATED: ‘We’re on the edge’ with 102 new COVID-19 cases

RELATED: Cruise ship cancellations have significant impact

TIABC is proposing a $475 million “working capital recovery grant” as the main strategy, to help tourism businesses return to profitability within 18 months. It would include low- or no-interest loans with extended repayment periods to bridge businesses as out-of-province tourism resumes on an uncertain timetable.

An additional $190 million is requested for adaptation costs, to help deliver tourism experiences with virus protection. Another $15 million is requested for B.C.-focused supply chains for accommodation, attractions, transportation, food services and retail.

TIABC reports the tourism sector had revenue of $20.4 billion in 2018, with 19,300 businesses and direct employment of 160,000 people.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislatureCoronavirus

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

Just Posted

Slo-pitch league to resume play

Township approves resumption, with restrictions, league president says

Langley invited to pedal kart race to raise funds for Madison Place families after fire

Langley businesses partner up with SouthRidge church for the three-weekend pedal go-kart fundraiser

No exodus of teachers during COVID year

Retirements are actually down for Langley’s school-based staff

Langley church donates $10,000 for Madison Place families left homeless after condo fire

‘When this one happened it was almost like deja vu,’ says pastor Paul Olson of SouthRidge church

Driver maces pedestrian after hit and run in Langley City

Police were on the scene at Michaud Crescent Wednesday morning

B.C. records new COVID-19 death, 85 more cases; Horgan calls on celebrity help

This brings the total number of active confirmed cases to 531 across the province

Horvat scores 2 as Vancouver Canucks beat Blues 5-2 in NHL playoff opener

Game 2 in best-of-seven series goes Friday night

Teachers to get 2 extra days to prepare for students’ return, now set for Sept. 10

Students will first start with orientation and learn rules of COVID-19 classroom policies

High-volume littering at Cape Scott draws ire from hiking groups

Popular Vancouver Island hiking spot not closing, but frustration about crowding grows

SFU to drop ‘Clan’ varsity team name

The ‘Clan’ name is shortened from ‘Clansmen,’ and was introduced roughly 55 years ago

New Tory leader must build a strong team in Commons and for the campaign: Scheer

Scheer marked his final day in the House of Commons today as leader of the Opposition

B.C. to hire 500 more COVID-19 contact tracers ahead of fall

Contract tracers add an ‘extra layer’ in the fight against the novel coronavirus

Feds commit $305M in additional funds for Indigenous communities during COVID-19

Money can be used to battle food insecurity and support children and mental health

We were a bit tone deaf: Hobo Cannabis renamed Dutch Love after backlash

Hobo Cannabis has various locations in Vancouver, Kelowna and Ottawa

Most Read