Wimbledon will have a record £50m total prize money next month, with the two singles champions taking home £2.7m each.

Last year’s champions Carlos Alcaraz and Marketa Vondrousovan received a then record £2.35m.

There is also a 35% increase for the wheelchair events, with their total prize fund increasing to £1m, although this partly reflects an increase in draw size.

“What is important from the Grand Slams is that we give back,” All England Club chair Debbie Jevans told BBC Sport.

“Our profits go back into tennis, but we do give a lot of money to the players.

“Whilst there will always be dialogue with the players, I am confident the money we give is significant and appropriate.”

The total prize money is up 11.9% from last year’s tournament and first-round singles losers will receive £60,000 – which is a £5,000 increase.

This means the total prize pot is £5.3m higher than last year and has doubled from £25m in 2014.

Money for the qualifying competition will also increase by 14.9%.

Spain’s Alcaraz won the Wimbledon men’s singles title for the first time last year with a stunning victory over Novak Djokovic, who was going for a fifth straight title.

Vondrousova became the first unseeded player to win the women’s singles title as she defeated Ons Jabeur.

Wimbledon begins on 1 July and runs until 14 July.