The purpose of this paper is to show the relationship between municipal planning and investment, as well as to attempt to identify the barriers to the processes. Municipalities prepare two spatial planning documents: a study of conditions and directions of spatial development and a land use development plan. In practice, it is the former document that determines spatial policy. This system has a negative influence on the investment process. The Polish planning law needs to be changed and new legislative proposals that would provide better instruments of spatial planning are highly desirable.
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