diff --git a/CMakeLists.txt b/CMakeLists.txt
index 9dd3e2c..35b6ca2 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -1,4 +1,4 @@
-# Copyright (c) 2023 Arm Limited.
+# Copyright (c) 2023-2024 Arm Limited.
 #
 # SPDX-License-Identifier: MIT
 #
@@ -28,7 +28,7 @@
 list(APPEND CMAKE_MESSAGE_CONTEXT ArmCompute)
 project(
   ArmCompute
-  VERSION 33.0.0
+  VERSION 34.0.0
   DESCRIPTION
     "The Arm Compute Library is a collection of low-level machine learning functions optimized for Arm® Cortex®-A CPU and Arm® Mali™ GPU architectures"
   LANGUAGES C CXX ASM)