Complex sentence: He founded the Jolomo Award in 2007-the prestigious annual award for Scottish Landscape Painting-also the richest award for Scottish artists and the UK's largest privately-funded arts award with a prize currently of £35,000 for the winner.
Split into simpler sentences: He founded the Jolomo Award in 2007-the prestigious annual award for Scottish Landscape Painting. It's the largest arts award in Scotland and the UK's largest privately-funded arts award with a prize currently of £35,000 for the winner.