Coromandel MP Scott Simpson says there's good news for the region's resthomes as the Government announces a $10 million annual boost for aged residential care and dementia services.

Scott says aged care providers will get $7.5 million this financial year, and then an extra $10 million for the subsequent three years.

Coromandel MP Scott Simpson says more funds for the region's resthomes is good news.

'That adds up to a five per cent increase in resthome bed subsidies from the beginning of October,” says Scott.

'For resthomes in the Coromandel, the great thing is that they can decide themselves how to spend the extra money. We expect most will use it to pay staff more.”

Another $2.5 million will be used as one-off funding towards dementia care pathways across district health boards and communities.

'As New Zealand's population ages, we want to be prepared. That's why we're ensuring our seniors are well supported by the best care possible when they can no longer live at home,” says Scott.