Saxelbye (or Saxelby) is a small village in the district of Melton in Leicestershire, England. The village lies about three miles to the north-west of Melton Mowbray and is situated on the southern slope of the ridge that makes up the southern boundary of the Vale of Belvoir.
It is part of Grimston (Where the population is included), Civil Parish . The separate Saxelby Civil Parish was abolished in April 1936.
The very fine grade II* church with its crocketed spire is dedicated to St Peter.
Webster’s Dairy in Saxelbye, founded in 1883, is one of only six dairies where Stilton cheese is manufactured.
Old Dalby Test Track passes close to the village.