Formation of Regional Clusters as a Factor in the Investment Development

The aim of the research is to study the role of clusters in securing of regional development, particularly in enhancing the investment activity through the introduction of new regional mechanisms regulating these processes. In the article the importance of innovation and investment component of regional development is defined. Today, ensuring sustainable economic growth and improve the efficiency of the region cannot be solved only through the use of standard techniques and tools. One of the most effective forms of economic integration through the formation of the spatial organization of the productive forces is the development of cluster formations within one economic territory. The importance of building regional cluster of social facilities, such as construction is proposed for consideration. Their importance for regional development in general and to related industries in particular is considered. The model of return tax revenues to the local budget in the development of investment in the production of new housing and the development of appropriate urban infrastructure is proposed.