Raised to the peerage (8)
I believe the answer is:
ennobled
'raised to the peerage' is the definition.
(I've seen this before)
This is the entire clue.
(Other definitions for ennobled that I've seen before include "Elevated to the peerage" , "Dignified" , "Given a title" , "Given peerage" , "Raised to the peerage in the UK" .)