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)
diff --git a/README.md b/README.md
index 9b06dbe..71a6518 100644
--- a/README.md
+++ b/README.md
@@ -1,9 +1,8 @@
 
-> **⚠ Important**
-> From release 22.05: 'master' branch has been replaced with 'main' following our inclusive language update, more information [here](https://arm-software.github.io/ComputeLibrary/latest/contribution_guidelines.xhtml#S5_0_inc_lang).
-
-> **⚠ Important**
-> From release 22.08: armv7a with Android build will no longer be tested or maintained.
+> **⚠ Deprecation Notice**
+> 24.01 announcement: NCHW data format specific optimizations will gradually be removed from the code base in
+> future releases. The implication of this is that the user is expected to translate NCHW models into NHWC in
+> order to benefit from the optimizations.
 
 > **⚠ Important**
 > From release 23.02: The 23.02 release introduces a change to the default tensor extend padding behavior.
@@ -16,7 +15,7 @@
  <img src="https://raw.githubusercontent.com/ARM-software/ComputeLibrary/gh-pages/ACL_logo.png"/><br><br>
 </div>
 
-# Compute Library ![](https://img.shields.io/badge/latest_release-23.11-green)
+# Compute Library ![](https://img.shields.io/badge/latest_release-24.01-green)
 
 
 The Compute Library is a collection of low-level machine learning functions optimized for Arm® Cortex®-A, Arm® Neoverse® and Arm® Mali™ GPUs architectures.<br>
@@ -44,7 +43,7 @@
 <br>
 
 ## Documentation
-[![Documentation](https://img.shields.io/badge/documentation-23.11-green)](https://arm-software.github.io/ComputeLibrary/latest)
+[![Documentation](https://img.shields.io/badge/documentation-24.01-green)](https://arm-software.github.io/ComputeLibrary/latest)
 
 > Note: The documentation includes the reference API, changelogs, build guide, contribution guide, errata, etc.
 
@@ -57,24 +56,24 @@
 
 | Platform       | Operating System | Release archive (Download) |
 | -------------- | ---------------- | -------------------------- |
-| Raspberry Pi 4 | Linux® 32bit      | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-armv7a-neon.tar.gz) |
-| Raspberry Pi 4 | Linux® 64bit      | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-arm64-v8a-neon.tar.gz) |
-| Odroid N2      | Linux® 64bit      | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-arm64-v8a-neon.tar.gz) [![](https://img.shields.io/badge/build-opencl-blue)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-arm64-v8a-cl.tar.gz) [![](https://img.shields.io/badge/build-neon+cl-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-arm64-v8a-neon-cl.tar.gz) |
-| HiKey960       | Linux® 64bit      | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-arm64-v8a-neon.tar.gz) [![](https://img.shields.io/badge/build-opencl-blue)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-arm64-v8a-cl.tar.gz) [![](https://img.shields.io/badge/build-neon+cl-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-arm64-v8a-neon-cl.tar.gz) |
+| Raspberry Pi 4 | Linux® 32bit      | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-armv7a-neon.tar.gz) |
+| Raspberry Pi 4 | Linux® 64bit      | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-arm64-v8a-neon.tar.gz) |
+| Odroid N2      | Linux® 64bit      | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-arm64-v8a-neon.tar.gz) [![](https://img.shields.io/badge/build-opencl-blue)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-arm64-v8a-cl.tar.gz) [![](https://img.shields.io/badge/build-neon+cl-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-arm64-v8a-neon-cl.tar.gz) |
+| HiKey960       | Linux® 64bit      | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-arm64-v8a-neon.tar.gz) [![](https://img.shields.io/badge/build-opencl-blue)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-arm64-v8a-cl.tar.gz) [![](https://img.shields.io/badge/build-neon+cl-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-arm64-v8a-neon-cl.tar.gz) |
 
 <br>
 
 | Architecture | Operating System | Release archive (Download) |
 | ------------ | ---------------- | -------------------------- |
-| armv7        | Linux®            | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-armv7a-neon.tar.gz) [![](https://img.shields.io/badge/build-opencl-blue)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-armv7a-cl.tar.gz) [![](https://img.shields.io/badge/build-neon+cl-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-armv7a-neon-cl.tar.gz) |
-| arm64-v8a    | Android™          | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-android-arm64-v8a-neon.tar.gz) [![](https://img.shields.io/badge/build-opencl-blue)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-android-arm64-v8a-cl.tar.gz) [![](https://img.shields.io/badge/build-neon+cl-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-android-arm64-v8a-neon-cl.tar.gz) |
-| arm64-v8a    | Linux®            | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-arm64-v8a-neon.tar.gz) [![](https://img.shields.io/badge/build-opencl-blue)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-arm64-v8a-cl.tar.gz) [![](https://img.shields.io/badge/build-neon+cl-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-arm64-v8a-neon-cl.tar.gz) |
-| arm64-v8.2-a | Android™          | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-android-arm64-v8.2-a-neon.tar.gz) [![](https://img.shields.io/badge/build-opencl-blue)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-android-arm64-v8.2-a-cl.tar.gz) [![](https://img.shields.io/badge/build-neon+cl-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-android-arm64-v8.2-a-neon-cl.tar.gz) |
-| arm64-v8.2-a | Linux®            | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-arm64-v8.2-a-neon.tar.gz) [![](https://img.shields.io/badge/build-opencl-blue)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-arm64-v8.2-a-cl.tar.gz) [![](https://img.shields.io/badge/build-neon+cl-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/download/v23.11/arm_compute-v23.11-bin-linux-arm64-v8.2-a-neon-cl.tar.gz) |
+| armv7        | Linux®            | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-armv7a-neon.tar.gz) [![](https://img.shields.io/badge/build-opencl-blue)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-armv7a-cl.tar.gz) [![](https://img.shields.io/badge/build-neon+cl-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-armv7a-neon-cl.tar.gz) |
+| arm64-v8a    | Android™          | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-android-arm64-v8a-neon.tar.gz) [![](https://img.shields.io/badge/build-opencl-blue)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-android-arm64-v8a-cl.tar.gz) [![](https://img.shields.io/badge/build-neon+cl-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-android-arm64-v8a-neon-cl.tar.gz) |
+| arm64-v8a    | Linux®            | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-arm64-v8a-neon.tar.gz) [![](https://img.shields.io/badge/build-opencl-blue)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-arm64-v8a-cl.tar.gz) [![](https://img.shields.io/badge/build-neon+cl-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-arm64-v8a-neon-cl.tar.gz) |
+| arm64-v8.2-a | Android™          | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-android-arm64-v8.2-a-neon.tar.gz) [![](https://img.shields.io/badge/build-opencl-blue)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-android-arm64-v8.2-a-cl.tar.gz) [![](https://img.shields.io/badge/build-neon+cl-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-android-arm64-v8.2-a-neon-cl.tar.gz) |
+| arm64-v8.2-a | Linux®            | [![](https://img.shields.io/badge/build-neon-orange)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-arm64-v8.2-a-neon.tar.gz) [![](https://img.shields.io/badge/build-opencl-blue)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-arm64-v8.2-a-cl.tar.gz) [![](https://img.shields.io/badge/build-neon+cl-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/download/v24.01/arm_compute-v24.01-bin-linux-arm64-v8.2-a-neon-cl.tar.gz) |
 
 <br>
 
-Please refer to the following link for more pre-built binaries: [![](https://img.shields.io/badge/v23.11-bins-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/tag/v23.11)
+Please refer to the following link for more pre-built binaries: [![](https://img.shields.io/badge/v24.01-bins-yellowgreen)](https://github.com/ARM-software/ComputeLibrary/releases/tag/v24.01)
 
 Pre-build binaries are generated with the following security / good coding practices related flags:
 > -Wall, -Wextra, -Wformat=2, -Winit-self, -Wstrict-overflow=2, -Wswitch-default, -Woverloaded-virtual, -Wformat-security, -Wctor-dtor-privacy, -Wsign-promo, -Weffc++, -pedantic, -fstack-protector-strong
diff --git a/SConscript b/SConscript
index 6ad4c78..519555a 100644
--- a/SConscript
+++ b/SConscript
@@ -1,7 +1,7 @@
 #!/usr/bin/python
 # -*- coding: utf-8 -*-
 
-# Copyright (c) 2016-2023 Arm Limited.
+# Copyright (c) 2016-2024 Arm Limited.
 #
 # SPDX-License-Identifier: MIT
 #
@@ -32,7 +32,7 @@
 import codecs
 
 VERSION = "v0.0-unreleased"
-LIBRARY_VERSION_MAJOR = 33
+LIBRARY_VERSION_MAJOR = 34
 LIBRARY_VERSION_MINOR =  0
 LIBRARY_VERSION_PATCH =  0
 SONAME_VERSION = str(LIBRARY_VERSION_MAJOR) + "." + str(LIBRARY_VERSION_MINOR) + "." + str(LIBRARY_VERSION_PATCH)