HMRC-Recognised · EIS Advance Assurance Confirmed
Recover 30% from HMRC this tax year.
Renew It is a UK sustainability business with existing operations, existing revenue, and a government-recognised participation scheme. Qualifying individuals get 30% returned by HMRC on amounts from £10,000.
✓ HMRC-recognised scheme · ✓ EIS advance assurance confirmed · ✓ Limited spots this tax year
The Numbers
"No creative accounting. No offshore structures. No complexity."
You're paying a lot of tax.
That's not a complaint. It means you're doing well.
But here's the thing most high earners don't know: the UK government actively wants certain people to participate in qualifying early-stage businesses. And they incentivise it heavily.
Not with vague promises. With hard numbers, paid directly by HMRC.
Most people with the income or assets to qualify never act on it. Not because they're not smart enough. Because nobody sat down and showed them how the numbers actually work.
The Business
Now here's where it gets interesting.
Renew It isn't a concept. It's operational.
Right now, they're processing 10 tonnes of clothing per day. They have bulk collection contracts with Oxfam and the Salvation Army. They have sorting warehouses in place and reseller agreements across multiple countries, moving clothing into markets in Africa and South America where it's needed and valued.
They're not asking you to back a pitch deck.
The smartphone app — which moves profit per kilo from £0.20 to £0.47, then to £0.85 at scale — is in final development. That's where the step change happens.
Profit Projection
| Stage | Volume | Profit/kg | Monthly Profit |
|---|---|---|---|
| Current | 10t/day | £0.20 | £2,000 |
| Year 1–2 | 40t/day | £0.47 | £18,800 |
| Year 2–3 | 100t/day | £0.50 | £50,000 |
| Year 3–4 | 400t/day | £0.75 | £300,000 |
| Year 4–5 · Market leader | 1,000t/day | £0.85 | £850,000 |
The circular fashion sector is growing at 21% year on year.
No waffle here.
This is built for people who:
- 01Pay UK income tax at the higher or additional rate
- 02Have £10,000 or more they're comfortable placing into a qualifying scheme
- 03Want their tax working harder than a pension or ISA allows
- 04Can hold for a minimum of 3 years
"It's not for everyone. It's not trying to be."
Straight Answers
Yes. ReNew It holds EIS advance assurance from HMRC — the government's own confirmation that the company qualifies for the scheme. The relief is written into UK tax law, not a loophole, and everything is claimed through your normal self-assessment.
EIS is designed with this in mind. If the company fails and you've claimed income tax relief, loss relief lets you offset the remaining loss against your income — meaning a higher or additional-rate taxpayer can recover up to around 86% of the original amount. Your downside is limited by design.
It is £10,000. The scheme is open to qualifying individuals placing amounts from £10,000 upward, and the 30% income tax relief applies across the full amount, subject to your tax position.
The relief applies to the tax year in which your shares are issued, and you can also carry it back one year. Once shares are issued you receive an EIS3 certificate, which you submit with your self-assessment to claim the 30% from HMRC.
Because your situation is specific and this isn't something to skim. Twenty minutes is enough to walk through the numbers against your actual tax position, answer your questions directly, and let you decide. No pressure, no obligation — just clarity.
Limited Spots Remaining This Tax Year
A small number of spots
remain this tax year.
The 30% tax relief is time-sensitive — it applies to the tax year in which the shares are issued. If you want to understand whether this works for your situation, book a 20-minute call. You'll get straight answers, the full detail, and a clear picture of whether this makes sense for you.
No jargon. No obligation.