Sheffield City Council's cabinet has agreed a 20-year green and open space strategy that aims to raise the quality of parks to a specified standard.
The first phase of the strategy includes goals to be achieved between now and 2014.
Among these are defining a Sheffield Quality Standard for parks - which is a project that will run alongside the city's involvement in a pilot scheme to become a Green Flag Authority.
In addition, there are plans to return 200 allotment plots to use, invest in 23 play sites and invest in infrastructure repair or replacement in 26 green spaces a year.
Ideas for finance include scoping a green space trust fund, and signing up contributors by 2014.
The council's director of parks and countryside Mary Bagley explained: "We see parks and open spaces as an asset for the city. They make the city a great place to live, work and play.
"[Green spaces] attract businesses, and councillors have signed up to the need to carry on investing in them."
The aim will be to achieve at least one Green Flag award in each of the seven community assembly areas in the city, and to increase the involvement of community groups.
"These are ambitious plans but we have already made some progress on several of the priorities," added Bagley.
The strategy can be viewed by visiting www.sheffield.gov.uk/greenopenspace.