Vanuatu, New Zealand, Sri Lanka, and Ghana have recently joined the coalition, which means being able to bid for the new funding.
Developing countries signed up to the Alliance will also be eligible to bid for partnership support to improve waste management systems and implement other initiatives to stop plastic waste from reaching oceans, a press statement said.
THERESA MAY will this week urge Commonwealth leaders to join together to tackle the scourge of discarded plastic in the world's oceans, as she announces £60million-worth of funding to develop new ways to address the problem.
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She said: 'It is vital that we tackle this issue.
May hopes other Commonwealth nations will join the CCOA and follow in the footsteps of the United Kingdom on tackling plastic waste, by implementing measures such as a microbeads ban or plastic bag charges.
"As one of the most significant environmental challenges facing the world today it is vital that we tackle this issue, so that future generations can enjoy a natural environment that is healthier than we now find it".
"The UK public has shown passion and energy in the fight against plastic waste, and I believe the Commonwealth is uniquely placed to further this transformative action".
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It's estimated that a frankly staggering 12 million tonnes of plastic rubbish is dumped into the oceans every single year.
The Government pledged to match public donations to tackle plastic waste through the UK Aid Match up to a total of £5m.
Professor John McGeehan and his team from the University of Portsmouth along with Dr Gregg Beckham from the US Department of Energy's National Renewable lab had both been trying to find a way of combating this plastic pest when they stumbled on the solution.
National Geographic will commit $10 million (£7m) and bring its scientific expertise, grants and media to support the activities of Sky Ocean Ventures, which seeks out investment opportunities in businesses that can help solve the ocean plastic crisis.
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A further £20 million will be used to curb plastic and other environmental pollution generated by manufacturing in developing countries and prevent it entering the oceans.