Prime Minister David Cameron will present the first Arctic Star medals and Bomber Command Clasps at Downing Street today.
Up to 250,000 veterans, and the families of those who died, are eligible to receive the new awards.
It comes after David Cameron's announcement in December that he was accepting the recommendations of a review of military decorations.
Veterans of the convoys that supplied Allied forces in the Arctic had their first glimpse today of the campaign medal they've waited 70 years to see. The Royal Mint has finally begun production of the Arctic Star. Fred and Sangeeta introduce our coverage.
World War II war heroes who served on the Arctic Convoys and in Bomber Command will begin receiving brand new awards in recognition of their heroism and bravery within weeks, the Defence Minister Mark Francois has announced.
Production of the new Arctic Star and Bomber Command clasp will kick start this week. Up to a quarter of a million veterans and the families of those who have sadly died could be eligible to receive the new awards in recognition of their unique contribution protecting Britain during World War II.
Living veterans and widows will be the first in line to receive the awards from as early as March.
Mark Francois, Minister for Defence Personnel and Veterans, said: “All those who served our country in Bomber Command and on the Arctic Convoys deserve nothing but the utmost respect and admiration.
"That’s why I am delighted that these special individuals will in the next few weeks begin to receive the Bomber Command clasp and Arctic Star that they have so long deserved.
“I am also pleased to announce that the families of those no longer alive will also be able to apply for these awards in recognition of their loved one’s bravery.”
The Prime Minister announced the new awards last December and after extensive consultation the final designs have now been agreed.
The Arctic Star will be based on the World War II Stars and the Bomber Command clasp, to be worn on the ribbon of the 1939 to 1945 Star, will follow the design of the Battle of Britain clasp.
Veterans of the Second World War Arctic Convoys will begin receiving medals recognising their heroism and bravery "within weeks", the Government will announce today.
Defence Minister Mark Francois will announce that production of the new Arctic Star and a clasp for veterans of the RAF's Bomber Command will start this week.
The move follows David Cameron's announcement in December that he was accepting the recommendations of a review of military decorations by the former diplomat Sir John Holmes.
A long-running campaign to honour the achievements of the seamen who kept open the vital supply routes to the Soviet Union in what Winston Churchill called "the worst journey in the world" had previously been rejected on grounds of protocol.
Sir John also concluded that Bomber Command veterans had been treated "inconsistently" with their counterparts in Fighter Command.
Up to 250,000 veterans and the families of those who have died could be eligible to receive the new awards from as early as next month.
Priority for the new awards will be given to applications from veterans and widows. Other next of kin will also able to apply and will receive their awards shortly afterwards.
The government's plans to award veterans of the Arctic convoys campaign medals comes after years of campaigning. Servicemen past and present as well as local politicians had been locked in a battle to get those who served on the convoys recognition for their bravery during the second world war.
Living veterans and widows will be the first in line to receive the new medals. Production of the accolades is due to get underway soon.
An announcement on when Arctic convoy veterans will receive campaign medals will be made today. The Arctic Star will be based on the World War II campaign stars featuring the head of King George VI.
Gosport MP Caroline Dinenage has welcomed the news that the Arctic Convoy Veterans of WW2 will begin receiving medals in recognition of their heroism and bravery.
At 86 years old Lawrence Smith has been through a lot and seen a lot. He doesn't want for much - that is except for a medal he's owed before it's too late.
Mr Smith is one of a handfull of surviving veterans who carried out dangerous missions to support the Russian forces in World War Two. These Arctic Convoys claimed 3,000 sailors.
Last week we told you that fellow veteren Eddie Grenfel made a plea from his hospital bed directly to the Prime Minister for the medals.
They will get them say the government - the question is when? Martin Dowse takes up the story.
A pensioner who took part in the treacherous Arctic Convoys during World War Two has spoken for the first time about the need for recognition medals to be handed out sooner rather than later.
86-year-old Lawrence Smith is among 400 remaining sailors who helped supply the Russians with vital fuel, food and munitions as they fought off Nazi Germany.
VIDEO: William Edward Grenfell, retired Commander with the Royal Navy, endured horrific conditions with the crews in the Arctic.