July 16 was a big day for open access in the UK. The latest SPARC Open Access Newsletter (SOAN) by Peter Suber describes the 'tipping point' for the open access movement.
SOAN #165 (Sep 2, 2012) gives a detailed analysis of 3 major announcements on 16 July 2012 from RCUK, HEFCE and the UK Minister for Universities and Science, including the potential consequences for journals and authors. The newsletter also covers the subsequent release of documents from the European Commission on OA policy. Taken together, these announcements appear to make the transition to open access for scholarly publishing innevitable - at least across Europe.
Discussions are now under way across institutions to decide how to manage the transition, including the costs involved and mechanisms for adapting to new business models from publishers. The UK government has recently announced additional funding for some universities, to 'kick-start' this process.
RCUK welcomes additional investment in Open Access