To promote industry development and address these challenges, the WA Government announced a $100 million Aged Care Low Interest Loan Scheme (Loan Scheme) in February 2025. The Loan Scheme supports investment in the development, refurbishment and expansion of aged care infrastructure to promote innovation, expand industry capability and strengthen long-term industry sustainability.
The Loan Scheme is administered under the Industry and Technology Development Act 1998 (WA) (ITD Act). Under section 9(b), the Minister for State Development may provide loans to promote and foster the growth and development of industry (s.3(a)). Residential aged care is recognised as a critical service industry supporting WA’s economic and social development.
The Loan Scheme will be administered by the Department of Energy and Economic Diversification (DEED) and the Department of Health (Health). Loans of up to $20 million per application will be available to eligible aged care providers to deliver capital projects aligned with the objectives of the Loan Scheme.
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