Modern condition of Ukrainian regions’ socio-economic development is characterized by strengthening of territorial disproportions and the pending complex of unsolved problems in terms of territories’ development. This is mostly caused by the problems in regional management, including the insufficient legislative maintenance; lack of consistency and comprehensiveness in development and implementation of state regional policy in general as well as inefficiency and non-fulfillment of regional development strategies and programs. There are another issues, like low level of community involvement in local development; insufficient financial resources in local budgets to solve the priority questions of territorial development; strong dependence on public subsidies and therefore unpreparedness and reluctance of the representatives of local governments to search for additional funding sources for territorial development. Overcoming the situation requires the search for and introduction of innovative approaches to implementation of state regional policy to boost territories’ economic growth, reduce interregional differences, provide high living standards and improve competitive ability of Ukrainian regions in general. The paper aims to research the innovative instruments of implementation of state regional policy. Various methodological approaches to the nature of state regional policy are outlined. The authors emphasize the fact that in the course of development and implementation of state regional policy in Ukraine there isn’t a single view of the ways, mechanisms and instruments to align three interrelated and interdependent components of regional development complex dimension – sectoral, territorial-spatial and managemental. The risks that accompany the implementation of state regional policy in current conditions are outlined. Some instruments of state regional policy implementation in Ukraine and EU Member States are analyzed. Active and passive regional policies are emphasized depending on available instruments. Given the leverages of the impact of passive and active regional policy, its basic determinants are defined. Modern instruments of state regional policy are outlined by the directions of management impact and the measures of regional policy. The directions of regional policy and its implementation mechanisms improvement are suggested. 

regional development, state regional policy, regional management, innovative approaches, implementation instruments