First Minister Alex Salmond reported yesterday that more than £9m from the European Regional Development Fund will support the creation of 740 jobs in Scotland.
A number of projects are to benefit with Aberdeen University receiving the largest grant of £2.6, towards a new facility to help accommodate Scotland's growing life sciences sector.
Other universities have also been awarded funding. Alex Salmond said: "Scotland is a world leader in technology, innovation and enterprise - our scientists have been at the forefront of innovations such as Dolly the sheep, keyhole surgery and renewable energy technologies.
"I am confident that as well as supporting the creation of 740 jobs and investing in our research base, this funding will help deliver innovative solutions to problems affecting our modern world."
Many will say this is good news but it could be so much better. It is calculated that Scotland's net contribution to the EU is running at an average of £532m a year - more than £100 for every man, woman and child. This funding is no gift, it is the return of a small amount of our own contribution.
Let's not forget either than every £1 which comes from the ERDF is taken off Scotland's block grant.
What wonderful benefits we receive from the European Union.