Mae Ardal Gwella Busnes yn fecanwaith ffurfiol i gymuned fusnes allu cael hyd i gyllid i helpu i ddatblygu ac adfywio’r economi leol.  Rydym wedi rhoi arian i gynnal astudiaethau ymarferoldeb ac ar gyfer y broses o drefnu pleidlais mewn deg ardal.  Mae pedair ardal, Caernarfon, Bangor, Castell-nedd a Bae Colwyn bellach wedi pleidleisio o blaid sefydlu Ardal Gwella Busnes.  Bydd yr ardaloedd eraill yn cynnal pleidlais yn 2016.  Mae’r gwaith diweddaraf gydag Ardaloedd Gwella Busnes yn dangos newid mawr ym momentwm y gwaith sy’n cael ei wneud gan y gymuned fusnes gyda phartneriaid allweddol i fynd i’r afael â’r problemau sy’n wynebu eu hardal.  Mae Ardal Gwella Busnes Bae Colwyn yn cynrychioli 850 o fusnesau ac yn buddsoddi rhyw £1.25 miliwn o arian preifat mewn rhaglen gydgysylltiedig dros y pum mlynedd nesaf.
A Business Improvement District is a formal mechanism for a business community to generate finance to assist in supporting local economic development and regeneration.  We have provided funding to support feasibility studies and the process leading up to ballot in ten areas.  Five areas, in Caernarfon, Bangor, Neath, Llanelli and Colwyn Bay, have now voted in favour of establishing a BID with the remaining areas’ ballots taking place in 2016.    The recent progress with BIDs in Wales has highlighted a significant shift in momentum with the business community working alongside key partners in addressing the challenges facing their areas.  The Colwyn Bay BID represents 850 businesses and will contribute around £1.25 million of private investment towards a coordinated programme over the next five years.