An interesting development in open access publishing – UCL Press from University College London:

UCL is delighted to announce the establishment of UCL Press. UCL is committed to celebrating the achievements and innovation of its world-class researchers. The mission of UCL Press is to promote academic excellence and support research, and to do so through a range of Open Access publishing activities.

All titles published by UCL Press will be made available in Open Access digital form through UCL Discovery, as well as in print-on-demand and consumer e-book formats available commercially. All books will be produced with high-quality design and typesetting. UCL Press will meet the costs of publication for any books accepted by the Press that are either written solely by UCL staff, or in the case of multi-author volumes, where a UCL member of staff leads the project or is one of the authors. As the Press develops, we will also seek to publish books by non-UCL authors, and UCL Press welcomes recommendations from UCL staff for potential authors from outside the University.

More details here.