The event – scheduled to happen on Sunday, June 12th – will no longer take place this year.
Organisers Clitheroe Rotary Club have said that everyone who has entered to date will be entitled to a full refund, and they will be in touch directly with all current entrants.
Event organiser Bill Honeywell, from Clitheroe Rotary Club said: "It is with deep regret that the organisers of the Ribble Valley Ride have taken the difficult decision to cancel the annual fund-raising cyclosportive.
“The Ribble Valley Ride will return with a revised format in 2023.
“The organisers would like to thank everyone who entered this year’s event and apologise for the disappointment and inconvenience this difficult decision will cause,” he added.
The ride, consisting of three routes, was set to raise money for the Rosemere Cancer Foundation and other good causes.