Complex sentence: Following the announcement by the chancellor on the "Plan for Growth", a commissioned study entitled the "Research Capability Programme" was initiated with the aim of assessing the available research capabilities of the UK and future potential growth areas in this sector.
Split into simpler sentences: Following the announcement by the chancellor on the "Plan for growth". A commissioned study entitled the "Research Capability Programme", was initiated with the aim of assessing the available research capabilities of the UK and future potential growth areas with in this sector.