The money will be used to invest in new equipment given they continue to work with some from the era when the team was formerly known as Jordan.
Although Force India has collected their largest points haul in their history, they are poised to finish sixth in the constructors' championship, a place worse off than last year.
It is why the Silverstone-based team's board are ploughing ahead with considerable investment as they look to become more of a frontrunner.
"Looking back at the season so far we have every reason to feel proud," said team principal and co-owner Vijay Mallya.
"We've scored more points than in any previous season and every year we've demonstrated we've gone up the ladder.
"We've taken fairly significant steps, not just baby steps, and given the tools we have, which are mostly of the Jordan era, we have done exceptionally well.
"But we had a board meeting in India after the Abu Dhabi Grand Prix and the board has approved a £50 million capital investment programme for the team.
"We are going to invest heavily in new technology and give more tools to our design team to try and move further up the grid."
Despite the stories surrounding Mallya, along with principal sponsor Subrata Roy who owns Sahara, around the Indian Grand Prix and their financial situation, the former is again at pains to stress there is no crisis and the team is solvent.
"As far as Sahara Force India is concerned, we are all right," added Mallya.
"In fact, both Subrata Roy and myself went to see Bernie Ecclestone in Delhi during the grand prix and showed him that Force India was stable and financially safe."