Complex sentence: The town originally grew as a centre for the wool trade, while since the construction of the M1 motorway nearby, it has become a dormitory town for Loughborough, Leicester and Nottingham.
Split into simpler sentences: The town originally grew as a centre for the wool trade. However, since the construction of the M1 motorway nearby, it has become a dormitory town for Loughborough, Leicester and Nottingham.