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Council leader Tudor Evans said Plymouth will be England's "centre of excellence for marine matters".
BBC: Plymouth marine innovation centre secures ?2m funding
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The trust's Anna Malaos, from Cambridge, Michael Powell, from Crickhowell in South Wales and Tudor Morgan, from Monmouthshire will run it.
BBC: Antarctic post office reopened to fund island restoration
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Plymouth City Council leader Tudor Evans also thinks the centre will be enthusiastically greeted.
BBC: NEWS | UK | England | Devon | 'Concrete box' centre defended
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The company will be sold to Glenn Dubin, Paul Tudor Jones and other investors.
FORBES: Paul Tudor Jones, II.
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However, Fraser has confirmed that he will not be bringing former England bowler Alex Tudor to Lord's, following his release from Surrey.
BBC: Middlesex close to double signing
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The new centre will tell the story of Fort Bovisand as a fort in Tudor times, through to its role in World War II.
BBC: Financial boost for unused Fort Bovisand in Plymouth
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The programme, presented by Penelope Keith and Flog It's Paul Martin, will show different rooms in the house restored to four distinct periods in the house's history - Tudor, Jacobean, Georgian and Victorian.
BBC: Avebury Manor house reopens after TV makeover
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The selections of Gough, Kent's Dean Headley and Surrey fast bowler Alex Tudor, says chairman of selectors David Graveney, are all subject to fitness tests "which will be carried out in due course".
BBC: News | Cricket | Stewart in new-look England squad