Abstract
Commune investment constitutes one of the most important factors in local
development. It is an important condition for enhancing the implementation
of municipal engineering and social services and the growth of the municipal
assets, the improvement of the level of services provided in terms of quality
and quantity, the creation of conditions for setting up new businesses and the
settlement of new inhabitants. There is a common feature of self-governments’
investment – a necessity to involve a certain capital, usually for a long term,
which is connected with uncertainty and a risk to achieving the planned
benefits. Therefore, it is very important to select appropriate sources of
funding and skilful investment project management. There are some typical
features and conditions of each source of funding. The self-governments’
task is to select them skilfully so that the effects of tasks implementation
are adequate to local communities’ expectations. One of the conditions for
achieving the planned aims is an in-depth knowledge of both the mechanisms
of raising and possibilities of using their own and additional income as well as
repayable sources of funding. The eventual choice of funding sources results
from analyses results and the development of alternative funding scenarios.
One cannot speak about a universal investment funding structure good for
every unit and every project. It depends on various factors connected with
the specificity of a given commune, county or voivodeship and the features
of the particular investment.