From the RSC's July 12 press release:
Posted by stemp003 at September 7, 2012 1:43 PM
'Gold for Gold' is an innovative experiment to support the funder led evolution to Gold OA, by recognising institutes that subscribe to RSC Gold, a premium collection of 37 international journals, databases and magazines offering online access to all published material.
UK institutes who are RSC Gold customers will shortly receive credit equal to the subscription paid, enabling their researchers, who are being asked to publish Open Access but often do not yet have funding to pay for it directly, to make their paper available via Open Science, the RSC's Gold OA option.
Earlier this week the Government confirmed its support for migrating towards Gold Open Access by making publicly funded scientific research available for anyone to read for free, accepting recommendations in a report on OA by Dame Janet Finch.
The Research Councils UK (RCUK) also published their revised policy on Open Access, requiring researchers to publish in OA compliant journals. 'Gold for Gold' seeks to support researchers until the block grants from RCUK are distributed next April, which, once established are intended to fund Gold OA.