Economic aspects of financing the tourism investments from the European Regional Development Fund in Lublin city district
Economic aspects of financing the tourism investments from the European Regional Development Fund in Lublin city district

Summary/Abstract: The aim of the study is to determine the quantitative and qualitative effects of co-financing tourism investments of the European Regional Development Fund in the years 2004–2013 in the city of Lublin. Study was conducted with reference to the financial perspective of the European Union for 2004–2006 and 2007–2013 and related to the financial support of the EU tourism sector in the city of Lublin. Present study used original and secondary results. Primary research was conducted using the diagnostic survey method, using a direct interview conducted among 137 employees of the tourism industry employed in Lublin, which was designed to assess the effectiveness of spending the aid. Secondary studies consisted of analyzing reports on the implementation of projects and spending European Funds. Overall, the EFRR co-financing of tourist investments realized in the Lublin city district in 2004–2013 amounted to PLN 117,762,774.3, which accounted for 35.32% of the total value of the projects. It follows that without this help a lot of investment would be unrealized. It was found that only 41.61% of the surveyed population assessed positive investments and 25.55% of respondents were negative, while 16.06% had not any opinion at all. This demonstrates the weak orientation of professional workers in professional matters. The cause of such a state of consciousness may lie in the poor promotion of investment with the support of EU funds. Investments made in Lublin due to the European Union subsidies should contribute not only to the growth of potential of the local tourist economy, but also to the overall economic development.

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