The low effectiveness of economic policy and the inefficient growth model of Ukraine’s industrial sector have led to a reduction in production capacities, an increase in bankruptcies, and a decline in employment in strategic industries. This resulted in deindustrialization and the displacement of domestic producers from the markets.

The author examines the causes and indicators of deindustrialization:

• decline in manufacturing output;
• high wear of fixed assets;
• decrease in industrial investment;
• loss of competitive positions in global market

At the same time, Ukraine possesses significant natural resource potential. Its effective use can provide a stable resource foundation for industrial recovery. The proposed solution is the creation and development of a national system of industrial parks. This approach has proven effective in economically advanced countries.

The restoration of Ukraine’s industrial sector is possible under the following conditions:

• implementation of an innovation-investment development model;
• support for entrepreneurial activity in strategic industries;
• development of industrial parks as key elements of the innovation infrastructure.