Investment policy is a driving force in the transformation of cities. It plays a significant role both in terms of daily living conditions and in the long-term consequences of decisions that are taken. The residents’ opinions about the investment policy should be accorded a special value. The aim of this paper is to analyse and estimate the scale of empowerment of the investment policy of all 71 cities of the Śląskie Voivodeship. Three models of residents’ participation are used in the paper: symmetric, consultative and asymmetric. The questionnaire survey and desk research form the basis for assigning cities to the proposed models. The analysis reveals that the mechanism of empowerment is becoming more and more important for Silesian local governments, although residents’ involvement in urban investment policies is still far from satisfactory.