The Canal and River Trust have said there will be a barrier up this week.
A large part of the Ashby Canal, near Nutts Lane Bridge, has collapsed into the water.
The concrete edges and the footpath have fallen away making the towpath significantly smaller.
This path is used regularly by walkers and cyclists.
On the other side of the bridge, the grass verge has also broken away and the bank is very close to the footpath.
A spokesperson from The Canal and River Trust, said: "We’re aware of the damage to the towpath near Nutts Lane Bridge and our main priority at the moment is making the path safe for everyone that enjoys it. We aim to have a barrier along the affected section in place this week.
"Once the towpath has been made safe we’ll begin investigations into the damage and identifying the necessary repairs."
New foxes players joining the squad on loan
New plan to prevent crime and harm in Leicestershire agreed
Junior parkrun is coming to Coalville
Body found in Wykin Park
New online tool created to help tackle empty properties in Nuneaton and Bedworth
Leicestershire Police issue advice ahead of emergency alert test
East Midlands Ambulance Service secures over £400k grant to expand electric vehicle infrastructure
