The development of public-private partnerships in industrial regions attracting different sources of capital investment has been identified as one of the main directions of the Program of investment and innovation development in Ukraine and national projects. This is considered the relevance of the study. Significant investment resources are required for large-scale modernization projects in key sectors of industry in the region, where a private business could be a powerful source. At present, interest of business to state support is growing, because it helps to reduce the risks of private investment, improve the reliability of investment projects for credit institutions. The aim of the article is assessment of the volume of capital investments for innovative development taking into account the characteristics of the industrial region. The study has been conducted for the western regions of Ukraine. The analysis of dynamics of the basic indicators of the innovation and investment development in the surveyed regions has been implemented using statistical methods: calculation of Spearman's rank correlation coefficient and the closeness of the connection between the volumes of assimilated capital investments and the cost of scientific and technical work. The level of linear correlation between the amount of capital investments and sales of innovative products, as well as between the amount of financing of innovative activity and sales of innovative products in the Zakarpattia region level has been evaluated based on the calculation of linear Pearson correlation coefficient. The scientific novelty of the study is the improvement of methodical approaches to forecasting indicators of innovation and investment activity in the surveyed western regions of Ukraine. The practical significance of the study is that the development of a strategic program of social and economic development of the western regions of Ukraine is possible based on the predictive values of the indicators of innovation and investment activity.