The Fraserburgh 2021 Project to regenerate the town has been given a £1.15 million boost by the Scottish Government.
The grant would go towards redeveloping two listed buildings - the former police station and the old John Trail newsagents - for business and community use.
Margaret Burgess, Housing Minister who announced the funding, said: ““Local people are at the heart of these projects, which, with the help of this funding, will transform the spaces around them.
“Not only do these projects transform town centres, but they stimulate economic growth, and support and create jobs throughout Scotland.”
Fraserburgh 2021 aims to convert the former police station into public offices while the burned-out newsagents on Mid Street would be transformed into a ten-bedroom lodging.
The £1.15 million windfall for Fraserburgh and Aberdeenshire Council comes as part of an overall £25 million package from the Regeneration Capital Grant Fund which is set to benefit 26 projects around the country.
Cllr Stephen Hagan, COSLA Spokesperson for Development, Economy and Sustainability, said: “The variety of projects being funded highlights the diversity of approaches to regeneration across Scotland, which is tailored and responsive to the needs of local communities.
“Despite the current very challenging financial climate regeneration continues to be a key focus for all Scottish local authorities, and I look forward to seeing these projects come to life and transform our communities over the coming years.”