Mae’r prosiect yn rhan o’r rhaglen Adeiladu ar gyfer y Dyfodol, sef cynllun sy’n cael ei ariannu gan Lywodraeth Cymru a’r Undeb Ewropeaidd ac sy’n cynnig £54 miliwn dros chwe blynedd i brynu, adnewyddu neu ailddatblygu adeiladau segur a thir o gwmpas neu’n agos at ganol trefi neu ddinasoedd ar draws Gorllewin Cymru a’r Cymoedd. Bwriad y gronfa yw ysgogi buddsoddiad pellach o ryw £54 miliwn o leiaf gan greu cyfanswm o £108 miliwn i gymunedau ledled Cymru.
The project is part of the Building for the Future programme, which is a Welsh Government and EU funded scheme providing £54m over six 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.