diff --git a/VERSION b/VERSION
index 9910705..cbc8eec 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.70.2
+0.70.3
diff --git a/charts/spaces-operator/Chart.yaml b/charts/spaces-operator/Chart.yaml
index b18bc88..80dd872 100644
--- a/charts/spaces-operator/Chart.yaml
+++ b/charts/spaces-operator/Chart.yaml
@@ -15,10 +15,10 @@ type: application
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: 0.70.2
+version: 0.70.3
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "0.70.2"
+appVersion: "0.70.3"