A weekend of fundraising activities will be taking place at Smallbrook Stadium in Ashey in September.
It is part of a plan to create a state-of-the-art sports centre and ice rink.
As Isle of Wight Radio previously reported, a planning application has been submitted to build an indoor sports and education centre in Ryde, to include facilities for ice skating, tennis courts, a climbing wall and a soft play area.
It would be known as the SILC (Smallbrook Ice & Leisure Centre) and funding is dependent on cash being raised in the community alongside winning grants from organisations including Sport England.
Five-a-side football and a talent contest are among the plans for September.