Thursday, April 30, 2015

Springer Science+Business Media and Jisc have agreed on a new arrangement which takes into account UK scientists’ need to comply with multiple funders’ open access policies and to have access to the vast library of scientific articles published by Springer, while containing the combined costs of article processing charges and subscriptions.

The proposed agreement will cap the amount paid by UK higher education institutions to subscribe and maintain full access to Springer’s high quality subscription journals and to make their researchers’ articles open access in those journals, the latter being in compliance with the requirements of HEFCE’s Research Excellence Framework, RCUK’s open access policy and other major funders such as the Charity Open Access Fund. It is intended that the agreement will significantly reduce the cost and administration barriers to hybrid open access publishing for UK academic institutions, while supporting the transition to open access in a transparent and sustainable way.

Go to source:

http://www.springer.com/in/about-springer/media/press-releases/corporate/springer-and-jisc-reach-agreement-on-a-model-to-reduce-the-total-cost-of-ownership-of-open-access-and-journal-subscriptions/55252