The Australian Government is working with the aged care sector to help providers transition to a more competitive market and improve the sector’s sustainability and capability.

The Business Improvement Fund gives short-term grants to eligible aged care providers who are experiencing financial challenges. The grants support small to medium size providers (7 or fewer facilities)  located in regional, rural and remote areas.

Grants are provided to improve residential aged care operations and viability, and to assist in the provision of high quality care senior Australians.

Applications are now open for the Business Improvement Fund Round 2 through GrantConnect.

Priority is given to providers with limited access to financial support and may be facing financial pressures. These factors may impact care to residents located in regional, rural and remote locations.

Providers must submit independent business advice either from:

• our free, independent and confidential Business Advisory Service

• another business advisory service.

Alternatively, you can have a review conducted by our Aged Care Financial Monitoring and Business Assistance team.

Applications that have shown a strong linkage to their business advisory service report recommendations have been more successful.