Drop the date underneath the headline and on same line or below "mountain bike festival" bit.
Use the extra space to make the headline bigger.
Take the headline out of the awful yellow box and lose the three "B's" logo which looks like Mr Blobby and his two mates doing strange things to each other.
Drop the road signs for something a bit more natural / cycling friendly like wooden trail signs or similar.
If its a MTB festival need more imagery to reflect this as all I can really see is a soundsystem. Maybe lose the speaks and replace with a single bike image or a few different shots.
Keep everything else.
Where do I send my invoice?