Business Improvement Fund for Residential Aged Care

Overview

The Business Improvement Fund for Residential Aged Care will provide targeted support to eligible providers of residential aged care experiencing financial difficulty, prioritising providers in regional, rural, and remote areas, and small to medium sized providers, with limited access to financial support, that are facing significant financial pressure. The Fund will provide financial support to providers through three streams of grant funding which include:  Supporting a provider to go through a process of business improvement Supporting the sale of the residential aged care facility to another provider Where no options exist, supporting the orderly and safe close down of a residential facility A provider can only apply for one of the funding support streams. Applications for multiple facilities will be accepted but must be submitted on a separate application form for each facility.  Support provided under the fund will be accompanied by close monitoring of financial performance to decrease the likelihood of future viability or quality assurance issues and ensure accountability for funds provided. Please submit your application using the online application form: https://forms.business.gov.au/smartforms/servlet/SmartForm.html?formCode=PRD00-DOH&FRID=4-DTV9FK9&RegID=4-DXDLUYO.