The co-operative lifecycle framework has been a very useful concept in depicting the historical lifecycle of co-operatives. It is also particularly helpful in identifying and communicating if a co-operative is on a degenerative trajectory and points to the possibility of choice and re-invention. This paper focuses on this re-invention phase of the lifecycle framework and questions if re-invention is the best concept to use either in theory or practice. The paper explores whether regeneration may be a more promising concept, drawing on regenerative development and relationality literature. This paper concludes with an adaptation of Cook’s co-operative lifecycle framework by incorporating a regenerative enabling capability as a metric for success.