As part of the requirements for my PhD funding, which is partly funded by Jisc, I am producing three annual reports evaluating the offset agreements negotiated by Jisc Collections. Offset agreements with academic journal publishers are designed to reduce the overall cost to academic libraries of supporting scholarly publishing by ‘offsetting’ the costs of journal subscriptions and open access article processing charges (APCs) against each other.
The first report is published today and it examines the five agreements that were in place throughout 2015: from Wiley, Taylor & Francis, SAGE, the Institute of Physics, and the Royal Society of Chemistry. It estimates that the total savings to the UK’s higher education sector from offset agreements was £2.5m in 2015.
Further reports in 2017 and 2018 will repeat the data analysis and expand their scope to cover new publishers as they introduce offset agreements.