The first soap box derby in Peel since the 1950s will take place on Sunday with 28 entries confirmed.
The winners will receive £250, a cup and a year’s supply of Pepsi, who are sponsoring the event.
Roads will close at 2pm with practising starting at 3pm and the racing itself starting at 4pm.
The course will run from the top of Peveril Road and finish at Christian Street.
One of the organisers, Peel commissioner Ian Davison said: ‘We’ve had a great response with 28 entries. There will be £250 for the solo winner with a year’s supply of Pepsi and £250 shared for the winners of the two-man event with half a year’s supply of Pepsi each.
‘We also have £100 for the best decorated soapbox, £100 for the fancy dress winner and £50 for the person who collect the most sponsorship money, which will be donated to their charity.
‘There will be chicanes and nine-inch high jumps along the course with one right at the finish, so there could be a few thrills and spills.’
The event is supported by Manx Auto Sport and Peel Town Commissioners and there will also be cups and cash prizes for the best decorated soapbox, best fancy dress and the competitor who raises the most sponsorship money.
Prize money has been donated by Peter Dawson Limited, Davison’s Ice Cream and Peel Town Commissioners.
Parking will be available on the headlands in Peel.
The idea for the derby arose when Peel man Kevin Oliver wrote to the commissioners after Douglas held its first Soapbox Derby, suggesting that Peel hold its own event.
The Douglas event took place last September and attracted 26 competitors, raising entry fees of £1,500.
The event saw competitors compete in their home-made, non-motorised soap box vehicles in a downhill race to become the ultimate champion.
The Douglas course started from Upper Church Street and went downhill to Barrack Street, going past four pubs, Bar George, The Courthouse, The Rover’s Return and The Outback along the route.