What are NELT's business objectives?
NELT is a not-for-profit trust
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.”
Nelson Enterprise Loan Trust’s Trustees
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.
Financial administrator for the Beneficiaries and Unwaged Workers Trust.
Formerly a manager of a branch of Trust Bank. Now a co-owner of Page and Blackmore, booksellers.
Johnathan Magrane is currently working as Finance Manager at Port Nelson. His prior experience includes work as a medical professional, managing the funding for the Nelson Marlborough DHB, and working in both public practice accounting and various corporate finance roles.
NELT has received financial support from :
NELT has also received investments from people, businesses and organisations wanting to see wealth retained regionally by an ethical investment organisation. We particularly acknowledge those investors who have opted to receive no interest or a lower rate of interest than that currently available.