5.22 To mitigate the particular constraints affecting the green energy sector, the Government announced in 2010 the establishment of the Green Investment Bank (GIB), which will start operation in 2012. The GIB will receive funding of £3 billion over the next three years, with the ability to borrow from 2015-16, once the target for debt to be falling as percentage of GDP has been met. It will invest up to £100 million in commercial and industrial energy efficiency projects, and will be seeking managers for up to £100 million to invest in waste projects in the next financial year. It will also stand ready to make major co-investments with private finance in offshore wind projects.