I’m never against these things; as wrexview says, this is grant money. It was bound to be spent somewhere on a similar project (or worse, sometimes they can do some really pointless things under the banner of regeneration).
Unfortunately I only imagine a re-paving of the pavement and replacing of the kerbs there to match the bus station, with new street furniture to replace the old.
What King street really needs is the old building knocking down and replacing with a new design (though this would cause issues for tennants while the works take place) or cladding with modern materials.
It’s right next to Yale College. The right businesses (not more solictors and estate agents) could make a mint there.