The project to create a £75,000 tank monument in Lincoln has been promised £15,000 after Chancellor George Osborne visited the city.
The Lincoln Tank Memorial on Tritton Road roundabout is due to be unveiled on May 10.
The group behind the project will complete the memorial alongside the 100th anniversary of William Foster & Co Ltd’s work to create the first tank prototype.
Additional funding will create the Mark I tank on the Tritton Road Roundabout near the University of Lincoln – close to the site of Foster’s factory where the first tank came off the production line in 1916.
The memorial will also include the figures of Tritton, Rigby and Wilson who were the designers, developers and manufacturers of the tank.
George Osborne pledged the extra funding towards the scheme during a visit to the Lincoln Teal Park Siemens facility on Thursday, February 12.
The Lincoln Tank Memorial Group say that fundraising towards the memorial is ongoing and thanked Lincoln MP Karl McCartney for nominating the project to the Treasury.
Chancellor George Osborne said: “Of course, beautiful countryside and the heritage here are just some of the reasons so many people visit the Midlands – so today we’re supporting investment in culture here too, from the refurbishment of Shakespeare’s house in Stratford Upon Avon to the Lincoln Tank Memorial project.”