Complex sentence: The Portugal Fund was established in 1975 when Portugal was still a member of EFTA, to provide funding for the development of Portugal after the Carnation Revolution and the consequential restoration of democracy and decolonisation of the country's former empire.
Split into simpler sentences: The Portugal Fund was established in 1975 when Portugal was still a member of EFTA. It was to provide funding for the development of Portugal after the Carnation Revolution and the consequential restoration of democracy and decolonisation of the country's former empire.