Thinking of launching a small business in Surrey, British Columbia? You’re in the right place. As one of Canada’s fastest-growing cities, Surrey offers a thriving economy, a supportive business community, and plenty of resources to help entrepreneurs succeed.
Whether you’re a newcomer, a recent graduate, or a seasoned professional exploring a new venture, this guide will walk you through the essentials—from finding support to securing funding—to kickstart your entrepreneurial journey in Surrey.
Why Surrey is a Great Place to Start a Business
Surrey is strategically located in Metro Vancouver with strong transport links, a diverse population, and a booming economy. Over 1,000 new businesses open in Surrey each year, spanning industries like technology, construction, health services, retail, and clean energy.
What makes Surrey particularly attractive is its business-friendly environment. The city actively supports innovation, streamlines permitting, and fosters an inclusive business ecosystem through a wide range of local programs.
Key Steps to Start Your Business
1. Refine Your Business Idea
Start by validating your idea. Understand the demand, know your target audience, and research your competition. Use tools like Small Business BC’s Market Research Resources to analyze the local business landscape.
2. Create a Business Plan
Your business plan should include your mission, financial projections, marketing strategy, and operational structure. A solid plan helps attract funding and provides clarity.
3. Choose a Business Structure
Decide whether your business will be a sole proprietorship, partnership, or corporation. Each has its own legal and tax implications. Consider consulting a lawyer or accountant.
4. Register Your Business
Register your business name with BC Registry Services. Then, obtain your Business Number (BN) from the Canada Revenue Agency (CRA) for tax purposes.
5. Get Necessary Licences
In Surrey, you must apply for a City of Surrey Business Licence. Depending on your business type, you may also need provincial or industry-specific licences.
Local Resources and Support
1. Surrey Board of Trade
A key player in local economic development, the Surrey Board of Trade offers:
- Networking events
- Business advocacy
- Export assistance
- Training and mentorship
2. City of Surrey – Business Services
The City offers an online portal where you can:
- Apply for licences
- Track permits
- Access demographic and economic data
- Connect with city business consultants
3. Small Business BC
While not exclusive to Surrey, this provincial resource offers:
- Business plan templates
- One-on-one advisory services
- Free and paid webinars
4. Innovation Boulevard
If you’re in health tech or research, Innovation Boulevard—a public-private partnership in Surrey—offers incubation, networking, and commercialization support.
Grants and Funding Opportunities
1. Canada Digital Adoption Program (CDAP)
This federal grant provides up to $2,400 to help small businesses go digital—perfect for website development or digital marketing tools.
2. BC Indigenous Entrepreneur Loan Program
For Indigenous business owners, this offers low-interest loans and support services in collaboration with Futurpreneur and Indigenous Business Development Services.
3. Women’s Enterprise Centre
Based in BC, this organization offers funding, training, and mentorship for women entrepreneurs looking to scale their businesses.
4. Startup Financing from Futurpreneur Canada
Young entrepreneurs aged 18–39 can access up to $60,000 in startup financing, along with ongoing mentorship for two years.
Tips for New Entrepreneurs
- Network early: Join local meetups or attend events by the Surrey Board of Trade to build relationships.
- Stay informed: Keep an eye on city regulations, zoning laws, and grant deadlines.
- Go digital: Use e-commerce and digital marketing early on to reach wider audiences.
- Ask for help: Use advisory services—many of them are free or low-cost.
Conclusion
Starting a small business in Surrey is more than just a possibility—it’s a smart move. With its rapidly growing economy, diverse community, and strong support systems, Surrey offers fertile ground for entrepreneurs to grow and thrive.
Whether you’re launching a tech startup, a retail store, or a service business, the city has the tools and programs to support your vision. All you need is the courage to start.
