Master craftsmen Bonsers have cleaned the stone statue of Queen Victoria, granite plinth and bronze plaques, repaired the sceptre and replaced and repaired some fingers that were missing.
Raked out using hand tools mortar joints, then cleaned and repointed using lime mortar.
The Grade II listed statue was created by the sculptor Albert Toft and was unveiled in 1905.
Originally located in the Market Square, the statue was moved to the Victoria Embankment in 1953.
The whole restoration project is funded by £1.1million from the National Lottery Heritage Fund along with match funding from The Transforming Cities Fund, The War Memorials Trust and Nottingham City Council.