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.

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

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.


Glenys MacLellan


Financial administrator for the Beneficiaries and Unwaged Workers Trust.

Peter Rigg

Peter Rigg

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

Johnathan Magrane

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 :

  • Network Tasman
  • Nelson City Council
  • Tasman District Council
  • The McKee Trust
  • The Canterbury Community Trust
  • The Ministry of Economic Development
  • The Tindall Foundation

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.

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