The Nimbus 7 Solar Backscatter Ultraviolet (SBUV) instrument, which began taking data in November 1978, was the first instrument to make solar UV irradiance measurements covering both the minimum and maximum activity levels of a solar cycle. The currently archived irradiance data set was processed with an instrument characterization which fails to completely account for sensor degradation in the later part of the data record, thus limiting the accuracy of estimated long-term solar activity variations and the scientific value of the data. In this paper, we describe an improved Nimbus 7 SBUV spectral irradiance data set, which utilizes a more accurate model for instrument sensitivity and treats other time-dependent problems in the archived data. Estimated long-term irradiance changes during solar cycle 21 are 8.3(+/-2.6)% at 205 rim, and 4.9(+/-1.8)% at 240 nun. The revised Nimbus 7 SBUV irradiance data are in good agreement with predictions of solar cycle variations from the Mg II index proxy model. These solar irradiance changes are also consistent with overlapping irradiance data from the declining phase of solar cycle 21 measured by the Solar Mesosphere Explorer (SME). The Nimbus 7 SBUV irradiance data represent the earliest component of a 20+ year continuous record of solar spectral UV activity.