Edward holds that place is linked with a painter (8)
I believe the answer is:
tethered
'linked with a painter' is the definition.
(a painter is a rope for tethering boats)
'edward holds that place' is the wordplay.
'edward' becomes 'ted'.
'holds' is an insertion indicator.
'that place' becomes 'there' (I've seen this before).
'ted' going around 'there' is 'TETHERED'.
'is' acts as a link.
(Other definitions for tethered that I've seen before include "Fastened with rope or chain, like animal" , "limited movement" , "Restrained with a rope" , "Of animal, with rope fastened to prevent straying" , "Tied to something with a rope" .)