I'd buy a house (if possible the one I rent now) and invest in my friend's business so he can give more time to it and less to earning money to set it up.
I'd also buy my parents a slightly bigger house and pay the bills (especially the council tax) for it for 5 years, then renovate it so that it suits my dad, who's in a wheel chair. Things so he can do things for himself and become a little bit more independent, maybe better voice activated controls for his computer etc.
And I'd go on my ideal holiday - a train trip round Europe visiting lots of wine producers!
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