Raised local money on the radio (4)
I believe the answer is:
bred
'raised local' is the definition.
'bred' can be an answer for 'raised' (I've seen this before). I am not certain of the 'local' bit.
'money on the radio' is the wordplay.
'money' becomes 'bread' (bread is a kind of money).
'on the radio' indicates a 'sounds like' (homophone) clue.
'bread' is a homophone of 'BRED'.
Can you help me to learn more?
(Other definitions for bred that I've seen before include "(Well) brought up" , "Developed (animal variety)" , "Gave rise to" , "Reared" , "Produced offspring" .)