Archived Grant Opportunity View - GO3410

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.

To be eligible your organisation must be a residential aged care provider that: 

• has operational residential aged care facilities in Australia including all NATSIFAC residential providers, and local Government residential providers;

• have no or limited access to other sources or forms of support (e.g. from other operations or means including from a parent or related organisation); and

• be in a financial position impacting significantly on your ability to care for residents or facing reasonably near risks of service closure.

$84,300,000.00

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.

Once you have completed the application form, you must submit it electronically by using the submission section at the end of the application form.

Following electronic submission, a message with your Submission Reference ID will appear on your screen. An email will be sent to the main email contact provided in the application form.

Each application form is allocated a unique Submission Reference ID. Each time this application is accessed you will be required to use this Submission Reference ID.