Vintage fashion catwalks, food stalls, bands and performers will line the streets of Preston and transform part of the city.
The Winckley Weekend will aim to bring back a flavour of the 2012 Guild, and the celebration is hoped to bring a carnival atmosphere to Preston.
Roads will be closed as part of the event on May 2 and 3, which leaders hope will highlight the “quaint” and “quirky” area of the city.
Throughout the Friday and into the evening, as well as all day on Saturday, the spirit of the Guild will be recaptured in the streets around Winckley Square off Fishergate.
Street traders selling cooked food from around the world and local produce will feature, along with vintage fashion catwalk shows and street stalls.
Shops on Cannon Street and Guildhall Street will spill out and mix with bands, buskers and street performers.
Coun John Swindells, deputy leader of Preston Council, said: “The event is aimed at drawing attention to the streets off Fishergate that lead to the square, particularly Cannon Street and Guildhall Street.
“From the quaint to the quirky they add a different dimension to the city centre experience and, along with the adjoining elegant Winckley Square, form a link from the main shopping area to Avenham and Miller Parks and the river.
“We are looking into ways of supporting small businesses and encouraging development that will add to the quality and diversity of the city’s business, shopping, entertainment, leisure and cultural offer.”
Mick Goode, director of the Winckley Square Community Interest Company, added: “The area has a wealth of heritage assets that are available to be put to a more productive use, public gardens that are being upgraded to the highest standard and, by adding a touch of the atmosphere that was generated during Guild 2012, we are sure this will show off how truly unique this area is.”
Winckley Square will join in the weekend celebrations with a business hangout that will mix socialising with networking.
The area has recently been given a huge boost by securing two initial Heritage Lottery funding bids to renovate and bring buildings back into use in the square and on surrounding streets, and improve the Square’s gardens.
To help those interested in investing, trading or locating their business in Winckley Square, pop-up shops with information on the area and the projects, as well as representatives from the Super-Fast Broadband team, will be on hand.