Green will again assume driving duties in the new jet-plus-rocket auto, with a goal of not just to break the current record, but reach an incredible 1,000mph.
The primary aim is to inspire the next generation of scientist and engineers by showcasing STEM subjects (science, technology, engineering and mathematics) in the most exciting way possible.
Bloodhound project director Richard Noble says the vehicle will now be flown to Hakskeenpan, in the Northern Cape, in May next year, "ready to take advantage of a desert surface freshly conditioned by seasonal flooding".
"While intense fund-raising activity has been ongoing, the project has suffered a setback in the form of two important suppliers going into receivership before they were able to complete their work on Bloodhound".
Noble said the team hopes to release details of the development soon.
The official record attempt will be made later in 2019, from October to November.
Noble said the the vehicle will remain in South Africa from May 2019 until the record run, in order to greatly reduce logistics costs.
He said that the "very real prospect that our ability to raise funds is about to be transformed" has enabled the team to re-evaluated plans for running the vehicle, and there's now an opportunity to fast-track the first record attempt.
It has been the expectation that the Bloodhound supersonic auto would travel to South Africa, where the record attempt will take place, later this year.
BLOODHOUND SSC is a combination of fast jet, F1 vehicle and spaceship.
At full speed, BLOODHOUND SSC will cover a mile (1.6km) in 3.6 seconds - that's 4.5 football pitches laid end to end, per second, or 300m in the blink of an eye.
The World Land Speed Record of 763mph (1,228km/h) is now held by Thrust SSC, a United Kingdom team led by Noble and driven by Andy Green.