The Greater Launceston Plan encompasses five council areas and has aimed to establish the region's commercial and residential future by identifying key economic growth projects.

The plan, which cost $880,000 to create, has summarised 20 years' worth of projects for the Launceston region in infrastructure, business and commercial, community development and environmental areas.

Launceston City Council general manager Robert Dobrzynski said the plan was designed to present a clear regional strategy to private investors and governments for funding.

``Unashamedly, it (the plan) is about business investment, creating jobs, creating increased disposable incomes and growing economic prosperity,'' Mr Dobrzynski said.

``There are a lot of people making investment decisions in our community that would benefit from the knowledge and the data that is available from the GLP.''

Key projects include: 

 Redevelopment of the Launceston city centre and adjoining precincts like North Bank and Inveresk.

 New bypass roads for heavy vehicle use.

 Strategies for suburbs, including those of high socioeconomic need.

 A development strategy to bring long-term improvements and economic investment to Bell Bay.