The University of Tasmania says relocating its Launceston and Burnie campuses will process an extra 12,000 students over the next decade.
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The claim comes as part of the university's unveiling of its detailed plans for its future in Northern Tasmania, launched on Friday morning in Launceston.
Key points of the plan included confirmation that the Newnham campus will shift to Inveresk.
The university says the Launceston campus move will cost $260 million, while the Burnie campus move will cost $40 million.
The business proposal - in total - is pegged at $300 million.
Project funding partners - UTAS, the state government, Launceston City Council and Burnie City Council - have committed to contribute $150 million towards the total proposal.
It has called on the federal government to provide the other half of the funding.
The Australian Maritime College will remain at Newnham.
Burnie's campus will be relocated to West Park.
It is estimated that 3110 jobs will be created through the plan.
