Taking into account the processes of European integration of Ukraine, the study of regional strategies becomes especially important for solving the problems of the development of Ukrainian regions and supporting their competitiveness. The topic of regional development attracts significant attention of scientific researchers, as it requires the study and analysis of various factors affecting the processes of regional development, and the formation of scientifically based strategies to achieve optimal results. This topic is considered in various contexts, which contributes to the expansion of theoretical and practical knowledge about regional development and its constituent elements. Studying the regional policy of the European Union will give Ukraine the opportunity to gain valuable experience and knowledge for the development and implementation of its own regional strategy. By applying the practices of the European Union, Ukraine will be able to stimulate regional development, ensure social and economic stability, and increase the competitiveness of its regions. The main goal of this study is to analyze the problem of regional policy formation based on the principles used in the European Union. To achieve this goal, the work sets the following goals: to thoroughly investigate the aspects of the European Union's cohesion policy, to consider the main principles and priorities underlying the cohesion policy, such as increasing competitiveness, sustainable management of resources and ensuring the balanced development of territories. Also, study current areas of project financing, find out which areas and industries receive financial support from the European Union in order to promote regional development. Consider in detail the funding mechanisms and programs that contribute to the implementation of regional strategies. It was found that in the conditions of European economic integration, the regional development strategy is a necessary tool for achieving sustainable development of regions. One of the key aspects of this strategy is the application of the regional policy of the European Union, which can serve as a valuable experience for the formation of regional strategies in Ukraine. The regional policy of the EU is based on the principles of cooperation, rapprochement and support of different regions, which contributes to their development and ensuring more uniform economic growth. This approach involves the development of specific strategies and programs at the level of regions, taking into account their characteristics, potential and needs. It was also found that the regional policy of the EU cannot be a direct model for Ukraine, since the countries have different contextual conditions and features. However, Ukrainian regions can use the EU experience to adapt and implement their own regional strategies.

Economy, development strategies, funding programs, innovations, resource, integration.