In a statement Julie McLarnon, the Network's chair, said, 'It is with great sadness that the National Early Years Network has had to cease operations due to a set of exceptional circumstances and insufficient core funding.
Since the beginning of the year the trustees have been actively working towards placing the assets of the Network with other like-minded organisations in order that the valuable work undertaken on behalf of young children, their families and carers over the last 25 years will not be lost to the sector.'
The Network, which was due to celebrate its 25th anniversary this year, closed earlier this month in the face of mounting debts and problems relating to the renegotiation of the lease on its premises. The audited accounts for the last financial year showed a growing deficit, and the costs to the organisation were set to spiral because its premises needed repairs.
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