Complex sentence: In August 2015, it was announced by Downing Street that Young was to be raised to the peerage, being created "Baron Young of Cookham, of Cookham in the Royal County of Berkshire", on 29 September 2015.
Split into simpler sentences: In August 2015, it was announced by Downing Street that Young was to be raised to the peerage. He was created Baron Young of Cookham, of Cookham in the Royal County of Berkshire, on 29 September 2015.