The housing giant – which hands out £1bn in contracts annually – cited a series of pioneering initiatives with construction companies during the trial which saw the social value weighting increased from the previous 2-7%.

These included a 10-year contract with VINCI Facilities which has seen more than 20,000 books sent to families in Hackney, Waltham Forest and Thamesmead as part of a programme to encourage under-fives to read every day.

Purdy Contracts – which has been delivering electrical services to Peabody since 2016 – has also brought back to life a previously unloved community garden at Paradox Community Centre in Chingford.

While last year Peabody helped nearly 200 people access opportunities to train and work in construction, through information sessions and traineeship programmes with partners including Durkan, Berkeley Homes, Ardmore and Mulalley.

Sahil Khan, Peabody’s Director of Community Strategy, Partnerships and Funding, said: “Our communities need our support more than ever as they continue to experience the growing cost-of-living crisis.

“By using our buying power and leveraging social value from our supply chain, we can generate better economic, social and sustainability outcomes for our residents and communities.

“As we look to the future, we will continue to champion social value and embed it across everything we do, including our procurement processes. Together we can achieve more and truly help people flourish.”