Complex sentence: In 2006, due to new sponsorship from the Duncan Lawrie Bank, the award was officially renamed the Duncan Lawrie Dagger, and gained a prize fund of £20,000, making it the biggest crime-fiction award in the world, in monetary terms.
Split into simpler sentences: In 2006, due to new sponsorship from the Duncan Lawrie Bank, the award was officially renamed the Duncan Lawrie Dagger, and gained a prize fund of £20,000. It was the biggest crime-fiction award in the world, in monetary terms.