Business Improvement Fund for Residential Aged Care Grant

Closing Date: 

2pm AEDT Wednesday 30 March 2022

Eligible to:

  • Businesses
  • Not-for-Profits

The fund has been developed to support eligible residential aged care providers experiencing financial difficulty. 

Priorities:

  • Regional and remote aged care providers
  • Small to medium-sized providers

Must have:

  • Limited access to financial support
  • Must be facing significant financial pressure

Funding Available:
Funding is allocated based on how many operational placements the facility provides.

  • 60 or less operational places – up to $450,000 (GST Exclusive)
  • 61 or more operational places – up to $900,000 (GST Exclusive)

Who can apply?
Eligible aged care providers must:

  • Be a residential aged care facility
  • Have an operational residential aged care facility in Australia
  • Have no or limited access to other sources of financial support and be in a financial position impacting significantly on your ability to care for residents or be facing the reasonable near risk of closure of service. 
  • Have, or by in the process of applying for a business advisory or independent assessment report. 
  • Must have been operational for at least 1 year
  • Not be owned or operated by a Commonwealth, State, Territory Government agency or body. 

Want to know more?

Contact us today. We would love to help you access the grant and help your facility work towards a financially sustainable future as you continue to provide high-quality care for your residents.