Of this, £40m will come from the British Department for International Development’s Iraq budget and is being spent on humanitarian assistance.
A further £4m has been allocated by DFID to a United Nations-led stabilisation programme, which has so far helped 200,000 displaced Iraqis return to Mosul.
Another £2m is helping fund the Danish Refugee Council’s community recovery efforts in the region.
The UK’s international development secretary Priti Patel said: “Mosul’s liberation is a great victory for the people of Iraq who have shown extraordinary bravery, and a great stride forward for global security.
“However, the horrific actions of Daesh mean the humanitarian situation in Mosul remains very serious.”
The UK emergency aid will help provide clean drinking water, tents, food, cooking equipment, soap and vaccinations against deadly diseases.
The UN’s stabilisation programme will help renovate essential infrastructure, such as water facilities, power networks, clinics and schools.
Since June 2014, the UK government has spent £209.5m on humanitarian aid for Iraq.