The phrase "increasing the potential for" is correct and usable in written English.
You can use it when you are discussing a situation that has the possibility to improve or become better. For example: "By investing in renewable energy technologies, we are increasing the potential for a healthier environment."
Consumer education can go a long way toward increasing the potential for recycling.
Afraid of physical dangers, people move to gated communities, thereby undermining community cohesion and increasing the potential for more danger.
Electricity now used by the Bronx flows though other boroughs before arriving at its destination, increasing the potential for failure.
Another factor is uncontrolled high blood glucose, which can damage blood vessels, increasing the potential for plaques to form.
The intelligence community relies too heavily on foreign government services and third party reporting, thereby increasing the potential for manipulation of United States policy by foreign interests.
He promised users of the test, "The individual's understanding of self will be greatly enhanced, increasing the potential for a fulfilled and balanced life".
Irradiated fuel accumulates at reactors with no rational storage solution, increasing the potential for theft by those seeking to produce nuclear weapons.
The disclosure alarmed experts because it indicates drug users are spreading the virus to spouses and lovers, increasing the potential for an epidemic.
Any successor will struggle to match his political might, greatly increasing the potential for upheaval and unrest within the ruling elite.
When snow has accumulated for several weeks and temperatures rise, rivers that normally handle rainwater are clogged with ice, increasing the potential for flooding.
Stores and restaurants in New York are open longer hours, increasing the potential for revenue, and residents tend to shop near where they live, if just by necessity.
