Mae’r prosiect yn rhan o’r rhaglen Adeiladu ar gyfer y Dyfodol, sy’n cael ei hariannu gan Lywodraeth Cymru a’r Gronfa Datblygu Rhanbarthol Ewrop. Bydd y £54 miliwn a fydd yn cael ei neilltuo dros gyfnod o chwe blynedd yn cael ei ddefnyddio i brynu, adnewyddu neu ailddatblygu adeiladau a thir segur o fewn trefi a chanol dinasoedd, neu’n agos atyn nhw, ledled Gorllewin Cymru a’r Cymoedd. Amcangyfrifir y bydd y gronfa yn ysgogi buddsoddiad pellach gwerth o leiaf £54 miliwn arall gan gynnig hwb o gyfanswm o £108 miliwn i gymunedau ledled Cymru.
The project is part of the Building for the Future programme, which is funded by the Welsh Government and the European Regional Development Fund, providing £54 million over 6 years to acquire, refurbish or re-develop unused buildings and land within or close to town and city centres across West Wales and the Valleys. The fund is projected to stimulate further investment of at least another £54 million, injecting a total of £108 million boost to communities across Wales.