A not-for-profit events company will take over the running of the Lincoln 10k event from the City of Lincoln Council.
From next year, the event will be organised by Run For All.
A ceremonial signing of the contract for the Lincoln 10k will take place after Sunday’s race.
The events firm is part of the legacy of the late Jane Tomlinson CBE, who raised almost £2 million for charity through a series of endurance challenges, despite being diagnosed with incurable cancer.
The contract will be signed by John Latham, Director of Development and Environmental Services at the council, and Mike Tomlinson, of Run For All, at the VIP tent in the grounds of Lincoln Castle after they have both completed the race on April 6.
The move comes after the City of Lincoln Council had to scrap its sports and activities officers due to funding cuts, which were in charge of organising the 10k.
John Latham said: “The Lincoln 10k is one of the most exciting events in the city’s calendar, attracting thousands of runners and spectators from around the country, and bringing in more than £280,000 to the local economy.
“Now in its 18th year, the event is well-established but as a council with an ever-decreasing budget we have reached a point where we cannot improve the event in the way we would like to.
“Run For All already runs 10k events in Leeds, Hull, York and Burnley, as well as the Leeds Half Marathon, so we know we’re putting it in safe hands.
“This contract will mean we can look to improve the quality of the event, such as by developing the race village, improving the race pack, seeking opportunities for entertainment around the race, and building on the children’s races.”
Mike Tomlinson from Run For All said: “With its superb cathedral and proud heritage, Lincoln is both a beautiful and historic city that provides the perfect backdrop for a successful 10k.
“We are confident that, with the council’s support, we can further develop an event that already enjoys a fine reputation. Lincoln will be a tremendous addition to our existing series of 10ks in Leeds, York, Hull and Pennine Lancashire.”