The Canning Circus Creative Hub is set to benefit from a £50,000 refurbishment - just months after the council looked into moving the centre.
The hub, which houses around 30 small and medium-sized creative businesses, is situated across three grade II listed buildings in Wollaton Street, owned by Nottingham City Council.
It has now been given funding to refurbish the premises by Scape, a local authority controlled company which specialises in procurement and construction.
The cash will go towards sprucing up the buildings with new windows, new lights and light fittings ,and re-plastering.
There will also be upgrades to the kitchen and bathroom facilities, and internal and external repairs will be made alongside improvements to the heating system.
Tenant Chris Todd, of New Basford, said he is looking forward to seeing the end result.
The 40-year-old musician, said: "It will make a massive difference. We haven't really had any investment in the building since we have been here so this sort of cash injection will make a vast difference."
The good news comes after a petition was launched when plans were revealed to move the hub, with campaigners saying that talent in the city would drift away if the collective was split up.
The petition collected more than 900 signatures – and less than a month later the plans were scrapped.
Simon Paterson, 41, of Sherwood, said the grant would ensure the sustainability of the building for years to come.
The musician, who has been renting his room since 1997, said: "It is going to promote some kind of longevity at the premises. We have been here for a long time so it is really good that the council [which helped secure the grant] realise it is really important for local culture to be allowed to thrive.
"It is going to be a really positive thing for local, creative people to know that this will be here for a long time to come."
The money was secured through Scape's Reinvest programme, which returns the company's surpluses to community projects.
Chief executive of Scape Mark Robinson said: "We're thrilled to be able to allocate this grant and we know that the new facilities will benefit not only those that currently use the hub but also generations of creative businesses and people in Nottingham in the future."
Nottingham City Council's portfolio holder for jobs and growth, Councillor Nick McDonald, said: "I am delighted that this funding has been secured to help improve the hub's facilities. Whilst these funds alone will not make all the improvements needed to the building, they are a major step towards securing the long term viability of this site."
The work is expected to begin in the Autumn.
Has your community project been given a grant? Tell us at newsdesk@nottinghampost.com
