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Millions awarded to Launceston research centre

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A research centre in Launceston has received a multimillion dollar boost.

Tasmania's Blue Economy Co-Operative Research Centre, based at the University of Tasmania's Newnham campus, has been awarded $70 million dollars from the Federal Government to fund aquaculture and renewable energy research projects over the next decade.

The funding will support 100 post-graduate researchers across five areas including offshore engineering, renewable energy and sustainable seafood products.

In a bid to expand on the state's renewable energy capabilities, it's hoped the decade-long collaboration will generate up to $300 million dollars worth of equipment and resources.

The Blue Economy CRC is expected to officially open early next year.

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