Midlothian will receive a share of £910,000 from the new ring-fenced fund.
Mr Beattie said: “This funding announcement can help transform town centres in Midlothian.
“The health of our town centres is vital to the economic and cultural life of our communities – and this new investment can make a real difference.”
Council leader Cllr Derek Milligan (Lab) welcomed news of the funding. He added: “We await the details of conditions attached to how the resources can be used. Once these are known we will consider the next steps.”