The team behind the Bloodhound SSC streamliner has confirmed the supersonic machine will make an attempt on the World Land Speed Record in October next year.

More funding has filtered into the project to enable a date to be set which will come on the 20th anniversary of the existing record of 763.035 mph (1227.985km/h) which was the first car to post a supersonic record, breaking the sound barrier at Mach 1.016.

Andy Green, a Royal Air Force pilot responsible for the 1997 record set in the Nevada Desert, is set to topple his own mark in the Bloodhound.

The $23 million ($30.5 million AUD) machine is powered by a jet engine and a rocket, that, combined produce 135,000 bhp more than six times that of the entire Formula 1 grid.

A 550bhp Jaguar Supercharged V8 engine will be used to power the fuel pump for the main jet engine. Initially the project planned to use a Cosworth F1 V8 powerplant.

First unveiled to the public in September last year, the Bloodhound is 13.4m long, weighs 7.5 tonnes and includes a mix of automotive and aircraft technology.

It has 500 sensors, three braking systems and seven fire extinguishers.

The record attempt is scheduled to take place on the Hakskeen Pan in the Kalahari Desert in north-west South Africa.