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"increase that" is correct and can be used in written English.
It can be used to express a suggestion or an instruction to increase a quantity or amount. For example, "The budget for this project needs to be increased; let's increase that by 10%."
Exact(57)
"If labor costs increase, that can be inflationary.
Funds of funds increase that.
Climate change will only increase that.
We're looking to increase that".
A war would increase that number.
Obama has helped to increase that influence.
McDonald's hopes to increase that to $9.90.
Mohammed just wanted to increase that number by one.
He wants to increase that figure to 10%.
Similar(2)
It has sought to increase that figure to 420.
The company is now looking to increase that to ten.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com