The Children’s Centre has announced it is to close its loss-making nurseries for children under two.
It said it had made the decision ‘extremely reluctantly’. Provision for under twos in the three nurseries will end on July 29.
All parents affected by the decision have been told and the charity says it will give what help it can to find alternative childcare for them.
The move follows a detailed assessment of the three nurseries which are currently losing a substantial sum of money every month.
It ‘simply cannot afford to lose income at this rate’, said the charity.
In a statement, the Children’s Centre said: ‘These substantial losses in the under-2 nurseries reduce the overall profitability of the nurseries and other commercial activities, meaning that the amount left available to cover key administration and central support costs, and to fund the organisation’s charitable activity, is reduced.
‘To continue on that basis is simply not tenable.’
One of the nurseries in Douglas – Park Road – will close completely, as it serves under-2s only.
A second one in Douglas, on Woodbourne Road, will remain open for over-2s, with just the under-2 provision coming to an end in July.
The third nursery, Bonwick House in Ramsey, will also remain open but for over-2s only.
A range of alternatives had been considered but none would have made up the losses currently being made.
The Children’s Centres said its focus now remains on the nurseries for older children, where the organisation said it can ‘continue to develop and deliver a first class and financially viable service’.