The festival - formerly known as the Pontefract Grand Prix - takes place on Sunday on a closed route which spans across the town centre.
It features a 1km traffic-free circuit and will offer races for men, women, schools and veterans.
There will also be an Events Village with family activities and amusements.
Ashley Brown, event organiser, said: “We have more races and many more activities throughout the day. With an events village, fun fair and food stalls there is something for the whole family.”
It follows the Tour de Yorkshire, which passed through Pontefract last month.
Some of the sport’s top riders will ride through the town centre when the races begin this weekend.
And families will be able to take part in this year’s event with a variety of special rides being organised from 10am-11am. There will also be a host of entertainment on offer including a fun fair, food stalls, face painting, bouncy castles and a cycling jumble sale.
People are being advised to follow diversions during the event for road closures:
Along Beastfair, Bridge Street, Shoemarket, Salter Row, Woolmarket, Gillygate, Marketplace, Ropergate, Valley Road, Church Lane, and Sessions House Yard.
Cornmarket also will be closed from its junction with Liquorice Way to its junction with Beastfair.
The diversion route for the closures is along Park Road, Stuart Road, Northgate, Finkle Street, Horsefair, Broad Lane and Southgate.
There will be a ban on turning right from Wakefield Road into Southgate, towards Knottingley.
The diversion route will be along Wakefield Road, Jubilee Way, Front Street, Link Road (Front Street to Stuart Road), Stuart Road, Northgate, Finkle Street, Horsefair, Broad Lane and Southgate.
Southgate will be closed from the junction with Jubilee Way to the junction with Valley Road, to traffic travelling in a North Easterly direction (towards Knottingley / A1) only.
The diversion route will be Wakefield Road, Jubilee Way, Front Street, Link Road (Front Street to Stuart Road), Stuart Road, Northgate, Finkle Street, Horsefair, Broad Lane and Southgate.