re‧new‧al [singular, uncountable]
when an activity, situation, or process begins again after a period when it had stopped
a renewal of the recent conflict
Spring is a time of renewal.
when you make an agreement or official document continue for a further period of time after it ends
the renewal of our annual licence
Mark's contract comes up for renewal at the end of this year.
when the poor areas of towns are improved by making new jobs, industries, homes etc