The sector has been waiting for more than a year for the Government's response to MP Frank Dobson's review of children's play and news of the 200m, which was pledged prior to the general election in 2001.
The Government is likely to say it will expect lottery funders to have distributed the sum by 2012, it has been revealed.
Adrian Voce, director of the Children's Play Council, said this would create "serious problems" for play projects, which were banking on being able to access the cash much sooner.
Local authorities were also relying on the funding pot and had therefore not invested as much in play, he added.
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