Defence Secretary Ben Wallace says the Government has "put their money where their mouth was" in terms of spending on the armed forces.
Speaking in Manchester at the Conservative Party conference, Mr Wallace made reference to the £2.2 billion pounds announced in the recent spending review.
He also mentioned the order of five new British-made Type 31 frigates and announced the MOD will upgrade military accommodation.
"The record £2.2 billion settlement now means we can properly deliver both the investment into our people, and into our future capability.
"With the new funding we will invest in better accommodation, better childcare for the workforce, and career pathways for our armed forces, and we can ensure that we don't overstretch and run down our equipment."
Meanwhile party chairman, and Army reservist, James Cleverly, opened the conference by announcing the Prime Minister has signed the Armed Forces Covenant.
"The contribution of our brothers and sisters in arms cannot be overstated, so today, conference, I can announce that we have formally recognised the contribution of the forces family.
"Yesterday, the Prime Minister and I signed the Armed Forces Covenant on behalf of the Conservative Party - the first and only political party in the UK to have done so."