The launch of the Thistle Weir Youth Academy is terrific news for the club.
It is a wonderful gesture from EuroMillions winners Colin and Chris Weir to give us £750,000 towards the project. Money is obviously tight at a club like ours - unless, of course, we can find a Gareth Bale in the ranks!
So this goodwill means so much to everyone at Firhill and gives us a great chance to build the club for the future.
And, make no mistake, that's the key point here. It is so important for clubs in Scotland, especially ones like ourselves, to have a good youth set-up.
We now have the financial muscle to make it happen - and you can be sure we won't squander this fantastic opportunity.
Fans know the score, they know clubs have a duty to look to bring through their own players from the youth ranks, whether it is to play in the first team or to sell and make money. That's a simple fact of footballing life.
With this investment, we can put a better structure in place and I am delighted that Gerry Britton will oversee the programme full-time.
He can put long-term plans in place and build the system he wants to have running here and, alongside the rest of the staff, I am sure he will do a great job. Yes, it's a big job, but Gerry is the man to do it. It is something he will thrive in.
Remember, though, it will take time for the academy to get fully up and running and for us to really start seeing the benefits.
I was working in the youth system at Aberdeen before Alan Archibald asked me to come to Thistle last season and I really liked the way things were done up there.
It was set out really well and they had a good system in place. If you look at the first-team squad at Aberdeen now, there are a few boys I saw coming through the ranks.
Another good example is Hamilton Accies. They have reaped the benefits of their youth system in recent years and produced a number of great players, including, of course, James McCarthy and James McArthur.
Their first team at the moment is full of kids they have developed carefully - and they are sitting top of the Championship. In a couple of years, hopefully we will see a similar situation here as young players challenge for a place in the team.
If that does happen, it will be inevitable those players will catch the eye of other clubs. That is just football.
If someone comes in and offers us £1million, say, for a 17 or 18-year-old, it is going to be very hard to turn down.
Youngsters playing first- team football are always going to attract attention. The big thing for us is to get players in the top team, though, and with the structure we will put in place, hopefully that will happen on a regular basis.
Stuart Bannigan is an ideal example of a lad who has come through our system and is doing very well just now.
His attitude is terrific and every young player, even our Under-20s, should look at him and take a look at the way he goes about his business and what he has achieved to come through and play regularly in the Premiership. Hopefully, others can follow in his footsteps in the coming years.