Shepshed, often known until 1888 as Sheepshed, (also Sheepshead - a name derived from the village being heavily involved in the wool industry) is a town in Leicestershire, England with a population of around 14,000 people, measured at 13,505 at the 2011 census. It sits within the borough of Charnwood local authority, where Shepshed is the second biggest settlement after the town of Loughborough.

The town is twinned with the Parisian suburb of Domont.

The town originally grew as a centre for the wool trade. However, since the construction of the M1 motorway nearby, it has become a dormitory town for Loughborough, Leicester, Derby and Nottingham. It was officially a village until recently and claimed to be Britain's largest, and also claimed to have the highest number of pubs per head of population in the country. As of 2019, however, it is home to only ten public houses.

There has been much controversy about the origin of the name of the town. The earliest form is Scepeshefde Regis as mentioned in the Domesday Book, which means "(King's) hill where sheep graze", but since then there have been many changes until the present form, Shepshed, was adopted in 1888. The addition of the suffix 'Regis' signifies that there was once a royal lodge in the area.

Very little information about the settlement on the site of Shepshed appears before the Domesday Book but the name is certainly Anglo-Saxon: local history books claim that Shepshed has two of the oldest roads in the country, Ring Fence and Sullington Road, the latter being an ancient British track named after the goddess Solina. Anglo-Saxon Shepshed cannot have been much more than a hamlet in a large district of forest. However, succeeding centuries provide an abundance of historical material.[citation needed] The prosperity of medieval Shepshed was based on the wool industry and "Well Yard" on Forest Street may well be a corruption of "Wool Yard", where Bradford wool merchants congregated to buy from local inhabitants. In addition, there is considerable evidence to suggest that a weekly market was held, at least until the 14th century.