Their refusal comes despite the government telling local authorities how much money they will get from the new fund for the next three years.
In October, the £335m Graduate Leader Fund replaced the Transformation Fund, which was left severely underspent due to its short-term nature and complicated application process.
The National Day Nurseries Association (NDNA) said some councils are telling its members funding could only be promised for a year at a time.
"The Graduate Leader Fund is a long-term investment and funding tables sent to local authorities indicate how much they will get over three years," said Purnima Tanuku, chief executive of the NDNA.
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