Noel and Ben working for raise (7)
I believe the answer is:
ennoble
'for raise' is the definition.
(I've seen this before)
'noel and ben working' is the wordplay.
'and' means one lot of letters go next to another.
'working' indicates an anagram.
'noel' put after 'ben' is 'bennoel'.
'bennoel' is an anagram of 'ENNOBLE'.
(Other definitions for ennoble that I've seen before include "Elevate to knighthood" , "Raise to greater dignity" , "Bestow honour upon" , "Elevate to peerage" , "Kick upstairs" .)