TENS of millions of pounds could go into improving a neglected part of town if controversial student accommodation plans get the go-ahead, it has been claimed.

Martin Goss (Lib Dem), Colchester councillor responsible for infrastructure, said Priory Walk in Colchester town centre could be in for a significant renovation but it is dependant on the success of the nearby Cultural Quarter scheme.

It comes after the news a new coffee shop is hoped to bring a new lease of life to the neglected part of town.

Starboard PM LTD is working with a Colchester couple to open a franchise in the old Linens Direct shop, at the entrance of Priory Walk.

The franchise will be for Triple Two Coffee - a company known for its fresh food and wide range of hot beverages.

Priory Walk has been a talking point for some time after Peacocks closed its doors last summer.

Tom Green, director at Starboard PM LTD, agreed it was an exciting time for the town.

He said: “A couple are hoping to take on a franchise. The coffee shop is quite innovative and has a strong lean towards great coffee and fresh food.

“The couple is in negotiations at the moment to agree the lease, which is dependent on the planning application to change the use of the building, which has been submitted to Colchester Council.

“The couple really like the unit and its proximity to the St Nicholas Street development directly opposite and Lion Walk shopping centre.”

If everything goes to plan, it is hoped the coffee shop will open in the spring.

Mr Goss welcomed the prospect of investment.

However, the future of Priory Walk is also highly dependent on the outcome of the controversial St Botolph’s Cultural Quarter application for student accommodation.

He said: “This is a welcome investment and follows up the positive meetings we have had with the owners of Priory Walk.

“I know they have got plans to transform and fill many of the other units.

“They have been clear in saying refurbishment of the entire precinct will be more beneficial to them with the St Botolph’s plans.

“It would increase footfall in the town, if these plans go ahead they will invest a significant amount of money, it’s tens of millions of pounds.

“It’s a serious message to get across.”

Tim Young (Lab), councillor responsible for business, added: “People look at the St Botolph’s plans in isolation and you can’t do that. This proves it will have other economic benefits and we need to bring that area up.”

However, there is strong opposition to the Cultural Quarter development with opponents say it is out of keeping with the area.