About the Viability Fund
In March 2021, the Australian Government announced almost $90 million for a Viability Fund. The program supports eligible providers with essential business or operating costs so they can continue to provide quality care to residents.
The Viability Fund builds on emergency payments to reduce the risk of provider and care failures in the sector during the COVID-19 pandemic.
Providers may be invited to apply for funding on a case-by-case basis where:
- alternative grant programs are not appropriate
- they are at risk of failure
- they do not have access to other funding sources
- we have undertaken a financial assessment.
The Viability Fund is a closed, restricted grant round. Providers must be invited to apply through the Aged Care Financial Monitoring and Business Assistance Program.