diff --git a/cli/aws_ddk/__metadata__.py b/cli/aws_ddk/__metadata__.py
index 982deb52..68fc4ead 100644
--- a/cli/aws_ddk/__metadata__.py
+++ b/cli/aws_ddk/__metadata__.py
@@ -18,7 +18,7 @@
 Documentation: https://awslabs.github.io/aws-ddk/
 """
 
-__version__: str = "0.5.0"
+__version__: str = "0.5.1"
 __title__: str = "aws_ddk"
 __description__: str = "AWS DataOps Development Kit - CLI"
 __license__: str = "Apache-2.0"
diff --git a/cli/aws_ddk/data/project_templates/ddk_app/cookiecutter.json b/cli/aws_ddk/data/project_templates/ddk_app/cookiecutter.json
index a674f689..8b4f8722 100644
--- a/cli/aws_ddk/data/project_templates/ddk_app/cookiecutter.json
+++ b/cli/aws_ddk/data/project_templates/ddk_app/cookiecutter.json
@@ -4,7 +4,7 @@
     "package_name": "ddk_app",
     "stack_file_name": "ddk_app_stack",
     "stack_name": "DdkApplicationStack",
-    "ddk_version": "0.5.0",
+    "ddk_version": "0.5.1",
     "python_executable": "python3",
     "cdk_version_constraint": "2.29.0",
     "constructs_version_constraint": ">=10.0.0,<11.0.0"
diff --git a/cli/pyproject.toml b/cli/pyproject.toml
index 04fdffcc..42b7a7e0 100644
--- a/cli/pyproject.toml
+++ b/cli/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "aws-ddk"
-version = "0.5.0"
+version = "0.5.1"
 description = "AWS DataOps Development Kit - CLI"
 authors = [
     "AWS Professional Services <aws-proserve-opensource@amazon.com>"
diff --git a/core/aws_ddk_core/__metadata__.py b/core/aws_ddk_core/__metadata__.py
index 8601390e..65f6d448 100644
--- a/core/aws_ddk_core/__metadata__.py
+++ b/core/aws_ddk_core/__metadata__.py
@@ -18,7 +18,7 @@
 Documentation: https://awslabs.github.io/aws-ddk/
 """
 
-__version__: str = "0.5.0"
+__version__: str = "0.5.1"
 __title__: str = "aws_ddk_core"
 __description__: str = "AWS DataOps Development Kit - Core"
 __license__: str = "Apache-2.0"
diff --git a/core/pyproject.toml b/core/pyproject.toml
index dae22a6f..071d6fc2 100644
--- a/core/pyproject.toml
+++ b/core/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "aws-ddk-core"
-version = "0.5.0"
+version = "0.5.1"
 description = "AWS DataOps Development Kit - Core"
 authors = [
     "AWS Professional Services <aws-proserve-opensource@amazon.com>"
diff --git a/docs/_site/source/conf.py b/docs/_site/source/conf.py
index f7ee50a8..95438a65 100644
--- a/docs/_site/source/conf.py
+++ b/docs/_site/source/conf.py
@@ -15,7 +15,7 @@
 project = "AWS DDK"
 copyright = "2022, AWS"
 author = "AWS Professional Services"
-release = "0.5.0"
+release = "0.5.1"
 
 
 # -- General configuration ---------------------------------------------------
diff --git a/docs/source/conf.py b/docs/source/conf.py
index f7ee50a8..95438a65 100644
--- a/docs/source/conf.py
+++ b/docs/source/conf.py
@@ -15,7 +15,7 @@
 project = "AWS DDK"
 copyright = "2022, AWS"
 author = "AWS Professional Services"
-release = "0.5.0"
+release = "0.5.1"
 
 
 # -- General configuration ---------------------------------------------------
diff --git a/pyproject.toml b/pyproject.toml
index 8137b416..03acf8fd 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "aws-ddk-dev"
-version = "0.5.0"
+version = "0.5.1"
 description = "AWS DataOps Development Kit"
 authors = [
     "AWS Professional Services <aws-proserve-opensource@amazon.com>"
diff --git a/setup.cfg b/setup.cfg
index 18b62a08..4f69fc92 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.5.0
+current_version = 0.5.1
 commit = False
 tag = False
 tag_name = {new_version}