More sector bodies have reacted to the new government, with The Social Investment Business noting the new government needs to take into account the contribution done by the third sector and Charity Finance Directors' Group focusing on the Conservatives' Big Society idea.

Commenting on the formation of a coalition government of the Conservative and Liberal Democrat parties Jonathan Lewis, chief executive of The Social Investment Business noted: "We look forward to working with Prime Minister David Cameron, Nick Clegg and Ministers in the new government as they set about the difficult task of addressing the tough economic situation and securing the future of public services.

"The third sector has a vital role to play in helping the country deal with the public sector spending squeeze ahead. In a time of inevitable cuts it's essential that the third sector can rely on sustainable sources of funding, like those provided by The Social Investment Business.

"A strong third sector will be crucial for a coalition government looking for new ways to deliver local services at the best possible value to the taxpayer."

"We know that social enterprises, charities and community groups want to continue to grow despite the recession from the enquiries for up to £90 million worth of loans and support we receive every month."

CFDG has welcomed the formation of the new Coalition Government.

Megan McInally, policy manager at the Charity Finance Directors' Group, stated that: "This is a historic and exciting move in politics, and we look forward to developing a strong working relationship with the coalition partners."

"The charity sector is at the heart of community involvement and should be heavily involved in this Government's vision of 'Big Society.' CFDG hopes that the commitment to this is portrayed in the way the new Government approaches the sector moving forward."

In light of policy proposals already outlined regarding the sector, Megan McInally said that: "Endeavours should be made at the stage of policy design and implementation to involve the sector and minimise any potential for negative impact on charities."

CFDG now urges the new Government to consider, with recognition of the fact that the recession has had a belated impact on charities, how to best facilitate this sector in maximising available resources and in maintaining current high quality services.

Bearing this in mind, CFDG adds that working groups which are already in progress, in areas such as the simplification of Gift Aid, remain high on the agenda.

McInally added: "These issues are likely to become more pressing as public service spending cuts and other losses of income take their toll on the sector."

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