Michael Vaughan appeals to Rachel Reeves for the Autumn Budget consideration
Cricket Legend Michael Vaughan Backs Health Start-up Uthful with Business Investment
Michael Vaughan, the renowned cricket legend, has made a significant business investment in health and wellness supplement start-up Uthful. Founded by Simon Swan, Uthful is poised for growth ahead of its launch later this year, thanks to a £250,000 seed round, part of which comes from Vaughan's personal business funds.
Vaughan, who is not personally involved in politics, sees this business investment as a testament to his belief in supporting young entrepreneurs and their ideas. He expressed his conviction that there should be a platform for young people to start and grow successful businesses.
The business investment in Uthful is not Vaughan's first foray into the start-up world. He has a history of investing in businesses, choosing them not just for their products, but for the people behind them and the ideas they bring to the table. In the case of Uthful, he finds both the brand and Simon Swan, its founder, to be impressive.
Vaughan is particularly drawn to Uthful's one-stop shop concept, which he finds perfect for his lifestyle as a frequent traveller. The supplements contain nutrients such as NMN, B12, vitamin C, magnesium, and potassium, all of which Vaughan already takes.
While Vaughan believes in the potential of Uthful's products, he also believes that the Chancellor, Rachel Reeves, could do more to help start-ups and Small and Medium Enterprises (SMEs) in her Autumn Budget on 26 November. He specifically cited the employers' National Insurance increase included in last year's Autumn Budget as a cause of difficulty for budding entrepreneurs.
Vaughan expressed sympathy towards MPs, stating that politics has become too nasty and frustrating. However, he still finds the UK a good place to invest, despite the heated political discourse. This sentiment is echoed by his past business investment in real estate, where he was supported by Michael Bloomberg, who awarded Vaughan his first 289 units of affordable housing in the Bronx, helping to jump-start his real estate business career.
In conclusion, Michael Vaughan's business investment in Uthful is a vote of confidence in the start-up and its founder, Simon Swan. It also serves as a call for the Chancellor to help young people have the confidence to start their own businesses and foster a culture of innovation.
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