Complex sentence: The company paid £7 million in cash and £3 million was invested in a joint venture company, Ship Canal Developments, set up by Whittaker and the council to provide resources and development expertise for the regeneration of east Manchester.
Split into simpler sentences: The company paid £7 million in cash and £3 million was invested in a joint venture company, Ship Canal Developments, set up by Whittaker and the council. Its objective was to provide resources and development expertise for the regeneration of east Manchester.