The plans include installing a new site platform and the dipping pool and relaying several footpaths around the site, including around the pond. and making them much more accesible and disabled user friendly.
The project will also see the creation of a pet memorial site with posts and seats for people to hang loved pets collars on.
Coun Milan Radulovic (Lab), council leader, said: “It’s a lot of work and we’re hoping to get started very shortly – I want to see it underway towards the end of summer and by the start of autumn.
"This will hugely improve the area and bring more visitors in and it’s especially personal for me as Colliers Wood was the first project I worked on when I was first elected back in 1995, so it’s a place very close to my heart.
"It’s wanted doing for a long time but like everything else, it’s down to finance but now that is all in place.”
The wider picture for Colliers Wood is part of a project that links it to Brinsley Headstocks, which the council are planning to rebuild.
But as well as that, the council also wants to make evironmental improvements, such as extending the pond at Colliers Wood and making it more nature friendly.
Coun Radulovic continued: “We’re also going to plant a hay meadow and a miner’s orchard, which will be a memorial to all the people who worked at the pit and sadly lost their lives there.
"The hay meadow will allow us to open that area up to more species like skylarks and bring these species back to the area again and it’s quite an interesting little scheme which I’m very pleased about.
"But the really interesting bit is the land around parts like Colliers Wood and the disused railway line, right up to Brinsley Headstocks, I’m trying to get that redesignated as DH Lawrence Country Park.
"We don’t want that land being developed, we want to use it for environmental improvement and that it’s retained as open space and, more importantly, see part of it planted to allevitate flood distribution and run-off into the brook.
"This plan will also allow us to further sell the DH Lawrence heritage that we already have in Eastwood and that will be linked to Colliers Wood and, in turn, Colliers Wood will be linked to Brinsley Headstocks by bringing back the trails that used to be around those areas all the way up to Brinsley.
"We hope to have this all in place by early next year and will be a huge nature and conservation project linked to tourism and heritage that will bring far more visitors into the area and give them far more to enjoy and spend more money with our local businesses.”