JISC has released E-Journal Archiving for UK HE Libraries: A Draft White Paper for comment.
Here's an excerpt from the announcement:
Libraries are facing increasing space pressures and funding constraints. There is a growing interest in wherever possible moving more rapidly to e-only provision to help alleviate these pressures as well as to provide new electronic services to users. One of the most cited barriers and concerns both from library and faculty staff to moving to e-only has been sustaining and assuring long-term access to electronic content.
The aim of this white paper is to help universities and libraries implement policies and procedures in relation to e-journal archiving which can help support the move towards e-only provision of scholarly journals across the HE sector. The white paper is also contributing to complementary work JISC and other funders are commissioning on moving towards e-only provision of Journals.