Fully protected marine reserves are to be set up around the Pitcairn Islands in the South Pacific and St Helena, Tristan da Cunha and Ascension islands in the South Atlantic.
The plans impose a permanent ban on commercial fishing in an additional one million square kilometres of ocean, preserving important marine life, according to the Foreign Office.
Britain will also provide 20 million pounds (USD 26.4 million) over the next four years to fund the implementation, management, surveillance and enforcement of the new Marine Protected Areas (MPAs).
The announcement came shortly before US Secretary of State John Kerry was due to kick off the two-day "Our Ocean" conference in Washington, which will bring together governments, scientists, business leaders and NGOs from around the world.
Britain's plans include the designation of protected areas around St. Helena and Pitcairn and a commitment to designate marine protection zones around Ascension by 2019 and Tristan da Cunha by 2020.
The ocean around St. Helena is home to a wide range of marine life including whale sharks, humpbacks and turtles while Ascension Island hosts the largest green turtle rookery in the South Atlantic.
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