Dr. Holland, who fought the seat in 2010, achieving a 7.4 per cent swing from Labour to Conservatives, was selected at a meeting of the Association on Thursday night.
A director for a global healthcare company, Dr. Holland is also a councillor on nearby North West Leicestershire District Council.
Commenting on her selection, Dr. Holland said:
“I am honoured to have been selected a second time to represent the Nottingham South constituency at the 2015 General election as the Conservative Party candidate.
“I am going to start hitting the streets straight away, talking to voters and listening to what they want for their city.
“The Coalition Government has achieved so much for the people of Nottingham, such as the electrification of the East Midlands mainline and the widening of the A453, but there is so much more to be done.
“There is a lot of work to do over the coming two and a half years to achieve real change for the voters of Nottingham. Whether it’s fighting to get resident’s voices heard or holding the Labour run City Council to account I am ready for the challenge.”