The parade to celebrate the success of Team GB's Olympic and Paralympic athletes will take place in Manchester on October 17.
The Prime Minister Theresa May said it will be a celebration fit for heroes.
Final details are now being worked out - there will also be an event in London on the following day.
I know that Manchester - a city with a rich sporting history - and London - with its strong links with the Olympic and Paralympic Games - will host brilliant celebrations that will give the British public a chance to say thank you to our amazing athlete heroes.
Manchester, the home of British Cycling and taekwondo and the ParalympicsGB swimming team, is the ideal place to hold a national parade, according to Manchester City Council deputy leader Sue Murphy.
We look forward to welcoming people from all over the country for a spectacular celebration of the achievements of our Olympic and Paralympic heroes and to share in an unforgettable day. Maybe seeing the stars of Rio on our streets will inspire spectators to follow their own sporting dreams and become the medallists of the future.
This will be a very proud moment for all Team GB and ParalympicsGB athletes and rich reward for such fantastic efforts at the recent Games in Rio.
Britain confirmed its place as a sporting powerhouse by coming second in both the Olympic and Paralympic medal tables.
Olympic cycling's golden couple Jason Kenny and Laura Trott, runner Mo Farah, and swimmer Adam Peaty, plus Paralympic champions Dame Sarah Storey, Kadeena Cox, Jonnie Peacock, Lee Pearson and Will Bayley are among the sporting heroes from Rio 2016.
Britain's Olympic athletes won 27 golds from 15 sports, and 67 medals in total, smashing UK Sport's pre-Games target of at least 48 medals, meaning Rio was the nation's most successful "away" Games.
ParalympicsGB won 64 golds, the most by a British team since 1988, and a total of 147 medals.
It was an amazing, awe-inspiring performance from the most competitive team at the most competitive Games". We know those performances have excited and energised the public back home and so it is right and fitting that in both Manchester and London the athletes will receive a welcome from those cities and the public can see some of their heroes back on home soil.
"We believe that the performances of our athletes help to inspire a better world for disabled people.
Meanwhile nation's most successful female Paralympian Dame Sarah Storey returns to the UK later with the rest of the British team.
The cyclist from Stockport won three gold medals in Rio....bringing her career total to 14 golds in 7 games.
ITV will switch off all of its channels for an hour on Saturday as it joins Team GB in what could be the country's biggest free sports day.
We're teaming up with our returning Olympic heroes to create the nation's biggest ever sports day, I Am Team GB.
Brought to you by ITV and The National Lottery and there will be lots of great ways to get involved, including thousands of fun, free events across the country.
Sarah Rogers has more:
Click here to find out what's going on in your area.
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The homecoming parade to celebrate the success of Team GB's Olympic and Paralympic athletes will take place in Manchester.
The Prime Minister Theresa May said it will be a celebration "fit for heroes."
So far, Team GB has secured 24 gold medals at the Games in Rio - bringing the medal haul to 58 in what has been a highly successful campaign.
- Watch Michael Worrall's report:
Team GB women's hockey captain Kate Richardson-Walsh, from Manchester, says the city will be packed out for the Olympic-Paralympic homecoming parade in October.
The parade was announced on Saturday by the Prime Minister Theresa May who said it will be a celebration "fit for heroes".
North West MP Andy Burnham has commended the government's decision to hold an Olympic and Paralympic homecoming parade in Manchester.
The Leigh MP said holding the parade in the north would make it a "truly national event."