Abstract
The high functional role of investments in the process of regional development is confirmed not only by theoretical research, but also by the practice of functioning of specific regions, examples of which can be used to trace stable relationships between the successful development processes of individual industries and increasing the investment attractiveness of the region itself. Regions need to pay special attention to the formation of an innovative environment suitable for effective work, since in many ways the implementation of a cluster strategy will influence the investment attractiveness of the entire region. In this context, the author examined the main factors of investment attractiveness using the example of the regions of the North Caucasus Federal District, as territories that require the implementation of a cluster strategy and increased innovation activity. Procedures for introducing a cluster strategy into the regions of the North Caucasian Federal District cannot be effectively implemented without a proper assessment of the factors of investment attractiveness of the region.
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