Its mission statement is "To present the story of support to the Royal Navy at Plymouth since the days of Edward I."[1] The museum was established in the Grade II listed former Dockyard Fire Station building in 1969, following an appeal from the office of the Admiral-superintendent for items of memorabilia.[4] The nuclear-powered submarine HMS Courageous, used in the Falklands War, is managed by the Heritage Centre as a museum ship (though it is currently 'closed to the general public until further notice').There is no entry charge (though donations are requested); and, since the museum no longer lies within a restricted part of the yard, there is no requirement for visitors to book in advance.[7] More recently, in 2018, the National Museum of the Royal Navy announced a 12-year project to try to establish a 'full-time visitor attraction' in Devonport, to be based within the South Yard and focused around the decommissioned submarine HMS Courageous.
The historic figureheads were formerly displayed under No. 1 Slip cover in the South Yard.