Construction is under way at the £335m hospital complex
Plans to establish a college to train nurses in Peterborough are being put together by a university, a hospital and the city council.
Anglia Ruskin University wants to convert Guild House in Woodston into the specialist college.
Peterborough City Council is to invest £500,000 in student accommodation because it believes numbers could grow to 300 by 2015.
A 'super hospital' under construction in the city wants to be involved too.
Anne Devlin, deputy dean of the faculty of health and social care at Anglia Ruskin University, said its annexe campus was growing in Peterborough and needed more space.
"The former Pearl Assurance building at Woodston would be ideal for development," she said.
The city council said the opening of a new training college would help it convince the government that Peterborough needed a university.
Housing plans dropped
Councillor John Holdich said the city needed to become more student-focused.
"This is why we are looking to find more accommodation for students," he said.
"University Centre Peterborough doesn't have full university status but the new college will be able to accommodate the teaching of other subjects."
Plans to build more than 100 homes and flats on the site and Woodston have been dropped in favour of the nursing college.
In the past nurses have been trained at Peterborough District Hospital, which will close later this year when the new super hospital opens.