Terry Scuoler, chief executive of manufacturers' organisation the EEF, said: "During the campaign we called on party leaders to build on the foundations of growth, with continuity and stability in business policy. That is now what we expect the newly-elected Government to deliver."
He said the new business secretary's in-tray would include the need to tackle issues to help Britain build on the recovery: "These include reversing the trade deficit, tackling an energy policy which remains a mess and redoubling efforts to deal with a creaking infrastructure by getting on with important projects, especially building a new airport hub."
Scuoler added: "The biggest threat to our long-term economic well-being, however, remains the prospect of leaving the EU. Mr Cameron will be under pressure to call a referendum as soon as possible, possibly bringing it to next year. The new administration must move quickly and campaign on the back of a strong and positive case for Britain's continued membership."
The British Chambers of Commerce (BCC), meanwhile, said prime minister David Cameron should not be afraid to create "bold tax incentives" to encourage companies to make long-term investments and "tame regulatory burdens". John Longworth, director general of the BCC, said business wanted a long-term partnership with government to kindle an export revolution.
And John Cridland, CBI director-general, said the PM must create a pro-enterprise environment, "by getting the deficit down, continuing to make the UK one of the most competitive tax environments in the G20, especially for medium-sized businesses".
He added: "With an EU referendum now likely, business will want to see an ambitious, achievable reform agenda that will make both the UK and Europe more competitive and prosperous for all. The majority of businesses want to stay in a reformed European Union."
Photo: Crown copyright (No. 10)