The invention provides a formula for a pholiota nameko cultivation material. The cultivation material is characterized in that tea seed hull and tea fruit shuck are used as main raw materials, bagasse, rice bran, corn flour, gypsum powder and the like are used as auxiliary materials, and water content in the cultivation material is 63 to 65%. The invention also provides a manufacturing method for the pholiota nameko cultivation material. Compared with a sawdust cultivation material, the pholiota nameko cultivation material provided by the invention has the following advantages: 1, coarse and fine raw materials of the cultivation material are reasonably collocated, so air permeability and water holding capacity of the cultivation material are improved, the mycelial growth speed of pholiota nameko is accelerated, and time for obtaining a pocketful of pholiota nameko is shortened; 2, through natural piling fermentation, substances like lignin, cellulose, semi-cellulose and pectin in the tea seed hull and the tea fruit shuck are decomposed into simple substances which can be easily absorbed by pholiota nameko, so formation of the sporocarp primordium of pholiota nameko is promoted, the quantity of effective pholiota nameko is increased, and the output of pholiota nameko is increased by 25 to 35%; and 3, the sources of the cultivation raw materials are broadened, production cost is reduced, and the formula and the manufacturing method are suitable for being popularized and applied in an oil tea producing area.