The £20,000 will be used for outdoor gym equipment and to refurbish tennis courts at the Queen Elizabeth II Park in Toton Lane.
The cash has been provided by the SITA Trust – with further funds for the project being sought from the Sport England Inspired Facilities fund.
Bryan Howells, of Lakeside Lawn Tennis Club, which is based at the park, said he was delighted.
He said: "The courts are well used by people in the area and once these improvements have been put in, we are looking forward to welcoming even more people here.
"It's rare to find public tennis courts available now, and even less so being able to find courts of high quality, so this funding is very welcome.
"We have a successful tennis club. Members as well as the public will be able to benefit from the improved courts. We are looking forward to the work taking place."
The application to improve the courts was made following an approach from Lakeside Lawn Tennis Club about possible improvements to the site.
In addition to £18,000 which will be used for the tennis courts, the council was also successful in securing £2,000 from Fields in Trust to install outdoor gym equipment at the park.
Meanwhile, Broxtowe Borough Council said it will look at other funding opportunities to purchase more outdoor gym equipment.
The park was given Queen Elizabeth II Playing Fields status earlier this year along with three others in the borough to celebrate the Diamond Jubilee.
Cabinet member for the Environment Stan Heptinstall said: "The council is committed to protecting the environment for future generations and the nomination of four local green spaces as Queen Elizabeth II Playing Fields represents part of that pledge."
Reproduced by kind permission of the Nottingham Evening Post