What are NELT's Business Objectives?

  • To assist new and emerging businesses achieve long-term success by giving them access to capital at the time it’s most needed.
  • To benefit the whole community, by assisting socially and environmentally responsible enterprises that generate employment and allow skills and profits to be retained in the region.
  • To enhance regional prosperity by contributing to the Nelson Tasman Regional Economic Development Strategy.

How is NELT Funded?

“More than 80% of NELT’s administration costs comes from interest on loans and investments. The balance comes from grants and donations from individuals, community organisations, businesses and local and national government.”

NELT is a not-for-profit Trust


NELT’s trustees

nelt trustee Glenys MacLellan

Glenys MacLellan


Financial administrator for the Beneficiaries and Unwaged Workers Trust.

nelt trustee Ian McLean

Ian McLean

Has taught accounting, economics and small business management including 14 years at the Nelson Marlborough Institute of Technology.

nelt trustee Peter Rigg

Peter Rigg

Formerly a manager of a branch of Trust Bank. Now a co-owner of Page and Blackmore, booksellers.

nelt trustee Dr Linda Liddicoat

Dr Linda Liddicoat

Previously a lecturer and researcher at Otago University then at Nelson Marlborough Institute of Technology for 20 years. She is currently a research and business consultant.

nelt trustee Trevor Houghton

Trevor Houghton

A former Financial Advisor, now a private investor with experience in numerous businesses.

nelt trustee Bruce Dyer

Bruce Dyer