Originally written by Timothy Adler on Small Business
Office risk assessments, signs, sanitising products, professional cleaning and air filtering systems are forecast to cost every UK small business about £4,850 each on average this year, the equivalent of just under £23bn in total.
Hitachi Capital surveyed 1,500 small businesses for its survey.
- Fixed premises will cost on average £5,443 this year to be Covid safe
- Outdoor on onsite businesses cost on average £5,446 to be Covid safe
- Businesses offering home working expect to spend on average £3,660
Small business that is completely working remotely (20 per cent of those surveyed) will have the smallest Covid-secure costs, with 68 per cent not spending anything on disease control and 21 per cent spending less than £1,000 per company.
Losing money to keep Covid safe
A quarter of small businesses are experiencing fewer sales because of coronavirus social distancing, the survey found. Four out of 10 small businesses say maintain a Covid-secure workplace is “significantly” or “very significantly” impacting how their business operates.
>See also: 20% of small businesses can’t reopen with social distancing in place
Darren Stanley, CEO of events company OnFyre, told Iwoca: “There’s also a huge additional cost having to maintain a Covid-secure workplace. I had to employ five extra staff members at a recent event costing me an extra £250.”
Seema Desai, chief operating officer of Iwoca, said: “As restrictions are being eased, many small business owners are chomping at the bit to recover their full potential. It’s encouraging to see that a third are trading more than they were in pre-Covid times, and hopefully we’ll see even more businesses recover once restrictions can be fully lifted around the UK.”
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