Perfect Match is expected to be shot in the town later this year with former Newcastle and Tottenham footballer David Ginola and ex-Boyzone singer Ronan Keating in talks over roles.
And today director Graeme Oxby has revealed cash from Irish and French co-producers has now been secured to send the budget spiralling upwards from the orginal 2 million to 7 million.
It follows talks held at the Cannes Film Festival in May, when Mr Oxby and fellow producer Simon Rice also held talks with Frenchman Mr Ginola.
The extra money is expected to mean the film can use an increased number of locations, more lavish costumes, and attract bigger name actors. Mr Oxby also revealed he has brought on board the casting agent Dan Hubbard, who was the man behind the actors in films including Lord of the Rings: The Return of the King and Troy.
Both films starred Sheffield actor Sean Bean, who is among the names Perfect Matchs producers are hoping to sign up for their film.
The new budget puts the film on a cash par with last years successful British film Calendar Girls, and ahead of South Yorkshires most famous film, The Full Monty.
Mr Oxby said: "We've always said we plan to make a glamorous film aimed at women - not a kitchen sink drama. The increased budget will help achieve this. "
A lot of the budget is taken up with talent, and this means we can really shop around.
Perfect Match is as a romantic comedy.