Re-introducing rent convergence would unlock an extra £773m for the housing associations in London to improve their stock, the G15 group has said.

Research by the group of large London associations said convergence at £3 a week would provide £1,473 to invest in each home over the next 10 years.

For G15 member Hyde Group, the annual increase that the reintroduction of convergence would bring is equivalent to a 5% increase in investment it makes in upgrades, repairs and maintenance to each social home each year.