Wellcome Trust to Require Open-Access Publishing

Lars Arvestad writes "The Wellcome Trust, one of the worlds largest research funding agencies, will require results from research funded by the Trust to be available in public repositories six months after publication. The Trust's policy advisor Robert Terry writes in an article in PLoS Biology that the Trust plans to start its own public access repository where authors are expected to deposit their published works. The repository is modeled after NLM's PubMed Central and is called UKPMC. Terry's article also mentions that a recent Wellcome report found that an author-pays business model has the opportunity for a saving of 30 % on publishing costs alone compared to reader-pays. This contrasts the recent IEEE report (Slashdot story last week) where it was claimed that some universities will face higher costs using author-pays."