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Commenting, Mr Stevenson said:
“I am delighted that Fraserburgh is set to benefit from the first round of funding from the Town Centre Regeneration Fund. Given that towns across the country have been applying for a share of this cash, this bid must have been exceptionally strong.
“Town centres are the hubs that bring communities together in towns across Scotland and a healthy, vibrant town centre is essential to the success of any town.
“I have real hopes for what this money will do for the centre of Fraserburgh and I know that residents there will be looking forward to what will be achieved by it. The SNP Government is clearly once again delivering for people in Banff & Buchan.
“By helping to make town centres more vibrant, the Scottish Government is hoping to attract new businesses and support existing ones in communities across the country, something that can only be good news in these difficult economic times.”