"For many years, the top jobs here have all been taken up by foreign coaches.
"It's a huge bonus for David, a huge bonus for British managers."
"For David to get that position is a great achievement for him, a great achievement for British managers to look up to," added Englishman Allardyce.
"They will think: 'If I do my job correctly I may have a chance of getting there at some stage or other in my career.'"
Allardyce also wants club owners to give more job stability to managers, something he thinks would improve the overall standard of British football.
Speaking to BBC Sport at the annual League Managers Association awards dinner in London, the 58-year-old Allardyce said: "Unfortunately, the volatile nature of instant results revolves around every division now and we have to live with that pressure.
"But it would be nice if a little more stability came from the owners and that young managers were given much more of a chance to start learning and improving. The game would evolve a lot, lot better."