The Children's Workforce Development Council (CWDC), which manages the fund, has written to care providers informing them no more money will be handed out this year.
The news has sparked concerns that employers will face massive bills or have to wait a year to train staff.
Keith Harrington, operations director at Reflexions Care Group, said that funding is crucial to having staff trained to the required level.
"I think questions need to be asked as to whether the reason for the shortfall lies with the realistic amount of the available fund or in its administration," he said.
Janet Rich, children's services development officer at the National Care Association, echoed the concerns calling for more comprehensive research of the workforce to be undertaken by the CWDC.
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