Leicester has lost out in its attempt to hold the Olympic homecoming parade.
The city had bid to host a parade for Team GB Olympians and Paralympians returning from Rio, but the honour will go to Manchester.
A further national event will be held in London to mark their success, Theresa May has announced.
The Prime Minister said that both events would take place in October after the Paralympians have returned from the games in Rio.
"It will be a celebration fit for heroes - and rightly so, because that is exactly what they are," Mrs May said.
The decision to stage the main parade in Manchester follows calls for it to be held outside the capital to reflect the contribution made by athletes from across the UK.