Pontio, the new arts and innovation centre planned by Bangor University, has received a massive boost with the announcement of a funding injection worth £27.5million.
The university unveiled plans for the project earlier this year, which is set to include a 550-seat theatre, cinema space, studio theatre and an outdoor amphitheatre, plus social facilities such as bars, dining and family friendly park areas.
The Pontio project will receive £12.5m from the European Regional Development Fund, and £15m from the Welsh Assembly Government towards the £37m cost. Other funds will come from the Arts Council of Wales and the university.
An artist's impression of the Pontio project at Bangor University.
Read more on the story on the BBC north west Wales website.