In forest nurseries, intensive use of non-renewable substrates such as peat and high application rates of chemical synthesis fertilizers lead to environmental problems and high susceptibility to biotic and abiotic stresses. This work aims to seek more sustainable crop management to help mitigate these problems, combining the substitution of peat by compost and the use of growth-promoting microorganisms (PGPs) as a fertilization tool. For this purpose, a trial was carried out to test the effectiveness of an agricultural waste compost and a biostimulant based on PGP microorganisms in the production of Castanea sativa plants in a forest nursery. This trial assessed the growth of plants, with both inputs separately and combined, and then studied the tolerance of chestnut seedlings to water deficit. The results showed that partial substitution of peat by compost is possible, but not complete, as the high levels of conductivity and pH generated by a high proportion of compost negatively affected plant growth. It was also noted that the application of the biostimulant enables the complete substitution of mineral fertilization. Moreover, at the end of the nursery phase, chestnut seedlings treated with the biostimulant showed the same or even better quality than chestnut seedlings obtained with conventional fertilization, also resulting in greater resistance to water deficit, based on the increase in root volume and the improvement of the physiological status. Changes observed in both quantity and composition of microbiota associated with chestnut rhizosphere after inoculation with PGPs were related to the improvement observed. In relation to water deficit resistance, a positive synergy was also observed with the combination of both inputs, since plants with full substitution of peat by compost combined with PGP-based fertilization showed the greatest drought resistance.