Dreev Bimbolat Kh.

The article substantiates that today the regional cluster is becoming an important tool for spatial development, possessing such a unique set of characteristics as adaptability to changes in the external and internal environment (the level of cluster development determines the speed of such adaptation), the innovativeness of the processes taking place in it and the focus on continuous development, as well as great opportunities for the formation of a closed production cycle and the transition to functioning on the principles of a circular economy, This is the most important goal of the sustainable development strategy not only for an individual business entity, but also for the entire region. In his research, the author analyzes the full range of effects that the cluster has on the development of the region and regional enterprises, schematizes the process of interaction between the key blocks of the regional cluster, and also develops an algorithm for the formation and development of regional clusters in order to enhance investment activity in the region.

The article discusses the prospects of increasing the investment attractiveness of Russian regions with the help of cluster policy tools and the formation of regional clusters as specific regional structures that allow solving many problems of spatial development of the subjects of the Russian Federation by obtaining a number of synergetic effects for the regional economy. At the same time, regional authorities should pay special attention to the cluster formation procedure itself, recognizing cluster initiatives in a timely manner and contributing to the processes of cluster formation in a natural way when the idea of their creation comes from the participants themselves, as well as effective support for existing clusters, helping them quickly adapt to changing macroeconomic conditions of functioning. Such an approach to cluster policy will, on the one hand, contribute to the implementation of only viable cluster initiatives, and on the other hand, will lead to a real improvement in the investment climate in the region.