Union of European Football Associations (UEFA) has doubled the prize money available to teams for the women's European Championship in 2022, reports BBC.
England will host the tournament at 10 stadiums from July 6-31 next year.
The 16 qualified teams will now share 16m euros (£13.73m), double the 8m euros (£6.86m) that was distributed at Euro 2017 in the Netherlands.
UEFA has made the change as part of its 
women's football strategy, Time For Action, intended to ensure more money is distributed across the women's game.
The total prize money at the men's Euro 2020 tournament was 371m euros (£317m), distributed between 24 teams.
UEFA's executive committee approved the increase in prize money for the women's event on Wednesday, along with a new distribution model, to include performance-based bonuses for the group stage.
The governing body also approved a plan that will make 4.5m euros (£3.86m) available to European clubs as reward for releasing their players for the tournament.
The tournament was originally scheduled for this year, but was pushed back, in part to make way for the rescheduled men's European Championship and Tokyo Olympics, both themselves delayed from 2020 because of the coronavirus pandemic.
Earlier this year, the Football Association announced plans to sell a record 700,000 tickets, with the tournament set to be the biggest women's European sport event ever.
The final will be played at Wembley Stadium on July 31.
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