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The phrase "allocating an additional" is correct and can be used in written English.
You can use it when you want to convey the idea of giving or assigning something extra or in addition to what is already allocated. Example: The company is allocating an additional budget for marketing in the next quarter to increase brand awareness.
Exact(3)
The water board approved his latest recommendation this month, allocating an additional $400,000, bringing the total there to $1.1 million in two years.
Meanwhile, Mr. Liu and Councilman Simcha Felder have said that allocating an additional $15 million could pay for the remaining sidewalks that need fixing.
Despite the budget problems, Dean Minow said the school was allocating an additional $2.7 million to financial aid, and expanding its loan-repayment program for graduates who take low-paying jobs, as well as introducing 12 new public service fellowships that pay students' salary and health care insurance for a year after graduation.
Similar(57)
In 2014 security agencies were allocated an additional $630m over four years, of which Asio's allocation was $197m.
Washington recently allocated an additional $150m in annual assistance to the Hashemite kingdom, at the same time as Congress cut democracy and governance aid for Egypt and Jordan.
Speaking after talks in Madrid with his Spanish counterpart, Mariano Rajoy, the prime minister announced that Britain will allocate an additional £100m to help refugees in the camps.
The European commission said it would allocate an additional €2m (£1.6m) – on top of €1.9m (£1.5m) – to help contain the spread of the epidemic.
He said that before yesterday's announcement, the governor had allocated an additional $20 million in his proposed budget for other changes at the child welfare agency.
The measure would have allocated an additional $1.9 billion for the state highway program, with the remaining $300 million for upstate transit systems, bridges and for other purposes.
The government announced that it would allocate an additional $300 million over the next three years to combat the country's H.I.V.-AIDS epidemic.
His firm has allocated an additional $3 million to it, and he thinks the nostalgia it pitches will always be in style.
More suggestions(15)
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deploying an additional
investing an additional
committing an additional
identifying an additional
delivering an additional
extending an additional
devote an additional
allocate an additional
deploy an additional
commit an additional
earmark an additional
appropriate an additional
provide an additional
allocating an extra
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com