This is the entrance to the Trans Pennine Trail and NCN route 62 from the corner of Stockport Road and Osborne Road.
The Sustrans website describes the NCN Route 62:
National Route 62 of the National Cycle Network will link Glasson just south of Lancaster with Selby in Yorkshire via Blackpool, Preston, Southport, Stockport and Doncaster.The home page of the Trans Pennine Trail says
The main part of National Route 62 forms the Trans Pennine Trail between Southport and Selby. The route from Southport to Penistone via Liverpool and Stockport is 96 miles, mostly traffic-free.
Although signed as part of the National Cycle Network, the Trans Pennine Trail is a separately managed and funded project. The Western section includes the Liverpool Loop line and the Cheshire Lines path and passes through the Peak District National park.
The Trans Pennine Trail (TPT) is an exciting route for walkers, cyclists and horse riders linking the North and Irish seas, passing through the Pennines, alongside rivers and canals and through some of the most historic towns and cities in the North of England.You couldn't get down just here on a horse and you'd have to dismount your cycle. Nor is it accessible to a wheelchair user. A sign bans motorcycles but I've seen more than the occasional one on this section.
The Trail from coast-to-coast between Southport and Hornsea is 215 miles (346 km) long. A north-south route connects Leeds and Chesterfield and a spur to York means there are approximately 350 miles (560 km) of Trans Pennine Trail available to explore.
The Trans Pennine Trail is mapped and signed all the way, mainly traffic free and is surprisingly level considering the dramatic scenery along the way. Easy gradients and surfaced paths make many sections suitable for families, gentle exercise and people using wheelchairs and pushchairs.