Venue Cymru is set to receive £10 million in government funding to boost growth and encourage regional regeneration.
The money will be used to relocate the existing library and tourist information center, creating a modern cultural hub in Llandudno.
Deputy Prime Minister Angela Rayner believes that investing in these cultural projects will help local people to tap into their potential.
Up to fairly recently, there were serious concerns that Conwy County Borough Council would not receive the cash that was promised under the previous Conservative government.
Cllr Dilwyn Roberts, Cabinet Member for Culture, Governance and IT, said: “We’re delighted to be chosen as one of the projects in this round of funding and we’re looking forward to expanding the cultural offer to the communities in Conwy County and further afield.
“Arts and culture are of huge importance in delivering a positive economic impact and in supporting the wellbeing of our communities. This funding will help protect the future of Venue Cymru and its work.”
Sarah Ecob, Head of Economy & Culture, said: “Venue Cymru welcomes visitors from around the UK and overseas every year, delivering over £30m in economic benefit to local businesses as well as offering visitors and our local community an exciting, diverse range of cultural events and activities.
“The investment in Venue Cymru is great news for the area and comes on the back of substantial funding investment in Llandudno from Welsh Government and UK Government, which has included work on the former M&S building on Mostyn Street, upgrade of all the shelters on the promenade, refurbishment of the popular Alice trail, and multiple business support grants.
“We’re looking forward to working with UK Government over the next few weeks to understand the details of the offer and to progress the project, which will help to safeguard a number of our services at this time of severe financial pressure for local authorities.”