There used to be a school in the village run by Thomas Potter in the nineteenth century on Elm Street.

The village was formerly the site of RAF Wymeswold, a memorial to which can be seen on the wall of Wymeswold pharmacy remembers when a Wellington bomber on a night training exercise crashed up on a hill nearby, just two miles from the airfield, on 25 November 1943.

The Wymeswold airstrip still remains, although disused, is now used as a track for performance car 'experience' days, although there is some local opposition to this because of the noise.

The village has a greengrocer and general store, specialised pine furniture and gift shop, two pubs (The Three Crowns and The Windmill) and a restaurant (Hammer and Pincers).

The Three Crowns was CAMRA Loughborough and North Leicestershire 2010 Village Pub of the Year.

At the southern edge of the village, the 'Washdyke' recreational area contains play equipment, a BMX track, football pitch, and a community orchard.