Victoria Embankment Memorial Gardens are set to be renovated after £1.7m of funding was secured.
Restoration work, which begins in March, will see its war memorial and original gardens restored, along with a new visitor centre and toilets.
The Nottingham landmark was awarded £1.1m by the National Lottery Heritage Fund and additional money from the Transforming Cities Fund, the War Memorials Trust and Nottingham City Council.
Included in the work is also the restoration of Queen Victoria’s Statue, which has stood in the gardens since 1953 after being moved from Old Market Square.
New furniture and improvements to paths and access will be implemented.
Two rounds of consultation involving park users, veteran groups and the Friends Group had shaped much of the process, the city council said.
It added it would work with various veteran organisations to help provide work experience and a pathway to help gain permanent employment.
Councillor Rosemary Healy, portfolio holder for transport and cleansing services, said she was "delighted" to see the investment.
She said: "Victoria Embankment Memorial Gardens are of great importance and have been an asset to Nottingham for nearly 100 years.
"In 2019 we completed the WW1 Memorial and this additional funding will allow future generations to re-discover the site as a place for contemplation, relaxation and recreation within the local community.”
Frances Moreton, director at War Memorials Trust added: “War memorials are touchstones to our past. Preserving them maintains the link between those who have made the ultimate sacrifice and later generations who benefit from the freedoms for which they fought."
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