A number of players had raised concerns over the amount of money that they were receiving for competing at SW19.
However, following a meeting it has now been decided that a 10% increase in winnings will be provided.
"The percentage increase in prize money over the last five years has been very substantial considering there is a recession at the moment," said Henman.
"Wimbledon is very generous compared to a lot of other tournaments and I think this is a good deal all round."
Henman's best performance at Wimbledon was a semi-final finish.