REIL Recycling (part of Renewable Environmental Investments Ltd) invested in Renew2U, a circular economy business focused on the refurbishment and resale of returned and surplus household appliances. The investment was completed as a 50/50 joint venture between REIL Recycling Ltd and existing REIL portfolio company GAP Group NE Limited.

Renew2U was established to provide a sustainable alternative to the traditional disposal of returned, surplus and end-of-life appliances. Through rigorous testing, refurbishment and quality assurance processes, the business extends the life of electrical products, reducing waste while providing consumers with affordable, high-quality alternatives to new appliances.

The business benefits from GAP Group’s extensive experience in electrical waste management, recycling and resource recovery. By combining GAP Group’s collection, processing and compliance infrastructure with Renew2U’s refurbishment and resale operations, the joint venture strengthens the circular economy by prioritising reuse before recycling and maximising value recovery from electrical products.

Peter Moody, Group Managing Director of GAP Group, said:

“Renew2U represents an important step in our commitment to creating a truly circular economy for electrical products. By extending the lifespan of appliances through refurbishment and reuse, we can reduce waste, lower carbon impacts and provide customers with sustainable, affordable alternatives to buying new. The partnership with REIL supports our long-term vision of maximising resource recovery and keeping valuable products in use for longer.”