rejuvenate
US /rɪˈdʒuː.vən.eɪt/
UK /rɪˈdʒuː.vən.eɪt/

1.
make (someone or something) look or feel younger, fresher, or more lively
:
•
A short vacation can rejuvenate your mind and body.
•
The new paint job really rejuvenated the old house.
2.
(of an organization or system) give new energy or vitality to
:
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The new CEO's strategies aim to rejuvenate the struggling company.
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Efforts are being made to rejuvenate the local economy.