THE ROLE OF THE EUROPEAN UNION FUNDS IN THE LOCAL DEVELOPMENT SUPPORT

Abstract

The paper presents the role of the EU structural funds in conducted In communes investment projects. Creating local development was the main objective of these investments. In order to the measurement of the EU structural funds meaning for the local development, the indicator of investment participation (% of the EU funds in total value of investments) was used. Also the share of the EU funds utilized by the communes In total costs of development projects was described. The conducted examinations showed that rural communes were allocating for investments relatively more financial resources from their budgets then the urban-rural ones. Basing on the research results, it is proved, that average share of co-financing coming from EU-funds in conducted so far investment serving the local development had amounted 14.85 percent.