A bronze statue of Welsh rebel leader Owain Glyndwr on horseback is to be built in Corwen, his ancestral home, after a £100,000 campaign.
This is how the new Owain Glyndwr statue in Corwen will look
A mix of public and private funds have been raised for the monument which will replace one behind the town's church.
The life-size work has now been commissioned and it is hoped it will be finished and in place by next summer.
Corwen Town Partnership, which is behind the scheme, hope it will become symbolic for Welsh and British history.
Glyndwr is one of the key figures in Welsh history and last year widescale celebrations were held for the 600th anniversary of his crowning as the first of Prince of Wales at Machynlleth in Powys.
His rebellion against the English was eventually defeated - but not before he had made plans for two Welsh universities and for an independent Welsh church, and entered into an alliance with France.
Glyndwr took his name from the Dee Valley in which Corwen is situated, and legend has it he once threw a dagger which struck the town church's porch way so hard it left an impression.
Corwen Town Partnership's chairman Nigel Davies said he was delighted that they had succeeded in raising the £100,000 needed for the new statue in just 18 months.
It was hoped the monument will raise Corwen's profile as a tourist destination.
"It's great not only for the town but also for the whole of Wales," said Mr Davies.
He said Owain Glyndwr was a symbol not just for Welsh history, but for British history as well.
"The whole point of this has been get come up with something which will attract people driving through the town to stop and take a look".
Corwen already branded itself around the Glyndwr image and has banners hanging in the town, and the statue was just one more step.
The money has come from public funds - including £40,000 of Objective I European money through Denbighshire Council and £30,000 from the Welsh Development Agency.
There has also been a £5,000 anonymous donation and another £5,000 raised from local businesses and supporters.
A Cheshire-based firm, Brimstone Artworks which designed some of the statues used at the recent Commonwealth Games in Manchester, has now been commissioned.
A further £25,000 still has to be raised for lighting the statue.