APCs and subscription offset | RESEARCH NEWS from Swansea University Library

Universities that pay for their researchers’ papers to appear in IOP Publishing’s open access journals could have most of the costs offset against their library subscription fees  ... Under a three-year pilot project announced today, universities taking part will be able to offset much of their expenditure on hybrid article publication charges (APCs) – payable by an author or their institution to have their article published on a 'gold' open access basis – against subscription and licence fees for IOP Publishing’s journals. Gold open access allows a final published paper to be made available immediately under certain conditions, as well as being published in a particular open access journal. An agreement to set up the pilot project – the first of this type in the UK – followed discussions between the IOP, Research Libraries UK (RLUK) and the Russell Group of universities. Bodies that fund or support UK research, such as the research councils and the higher education funding councils, have funder mandates in place that require research papers to be published through open access, and the scheme will facilitate this ..."