diff --git a/python/pyarmnn/README.md b/python/pyarmnn/README.md
index 7d4fe1a..bc2ebd0 100644
--- a/python/pyarmnn/README.md
+++ b/python/pyarmnn/README.md
@@ -91,14 +91,15 @@
 ```bash
 $ python setup.py sdist
 ```
-As the result you will get `./dist/pyarmnn-22.0.0.tar.gz` file. As you can see it is platform independent.
+As the result you will get `./dist/pyarmnn-23.0.0.tar.gz` file. As you can see it is platform independent.
 
 ##### 5. Build the binary package
 
 ```bash
 $ python setup.py bdist_wheel
 ```
-As the result you will get something like `./dist/pyarmnn-22.0.0-cp36-cp36m-linux_x86_64.whl` file. As you can see it is platform dependent.
+As the result you will get something like `./dist/pyarmnn-23.0.0-cp36-cp36m-linux_x86_64.whl` file. As you can see it
+ is platform dependent.
 
 # PyArmNN installation
 
@@ -106,8 +107,8 @@
 
 Binary package is platform dependent, the name of the package will indicate the platform it was built for, e.g.:
 
-* Linux x86 64bit machine: pyarmnn-22.0.0-cp36-cp36m-*linux_x86_64*.whl
-* Linux Aarch 64 bit machine: pyarmnn-22.0.0-cp36-cp36m-*linux_aarch64*.whl
+* Linux x86 64bit machine: pyarmnn-23.0.0-cp36-cp36m-*linux_x86_64*.whl
+* Linux Aarch 64 bit machine: pyarmnn-23.0.0-cp36-cp36m-*linux_aarch64*.whl
 
 The source package is platform independent but installation involves compilation of Arm NN python extension. You will need to have g++ compatible with C++ 14 standard and a python development library installed on the build machine.
 
@@ -125,7 +126,7 @@
 ```
 Install PyArmNN from binary by pointing to the wheel file:
 ```bash
-$ pip install /path/to/pyarmnn-22.0.0-cp36-cp36m-linux_aarch64.whl
+$ pip install /path/to/pyarmnn-23.0.0-cp36-cp36m-linux_aarch64.whl
 ```
 
 ## Installing from source package
@@ -142,7 +143,7 @@
 
 Install PyArmNN as follows:
 ```bash
-$ pip install /path/to/pyarmnn-22.0.0.tar.gz
+$ pip install /path/to/pyarmnn-23.0.0.tar.gz
 ```
 
 If PyArmNN installation script fails to find Arm NN libraries it will raise an error like this
@@ -156,7 +157,7 @@
 You can also verify it by running the following and getting output similar to below:
 ```bash
 $ python -c "import pyarmnn as ann;print(ann.GetVersion())"
-'22.0.0'
+'23.0.0'
 ```
 
 # PyArmNN API overview
diff --git a/python/pyarmnn/src/pyarmnn/_version.py b/python/pyarmnn/src/pyarmnn/_version.py
index c60d4dd..f78d063 100644
--- a/python/pyarmnn/src/pyarmnn/_version.py
+++ b/python/pyarmnn/src/pyarmnn/_version.py
@@ -3,7 +3,7 @@
 # SPDX-License-Identifier: MIT
 import os
 
-version_info = (22, 0, 0)
+version_info = (23, 0, 0)
 
 __dev_version_env = os.getenv("PYARMNN_DEV_VER", "")
 
@@ -24,7 +24,7 @@
     """Compares expected Arm NN version and Arm NN version used to build the package.
 
     Args:
-        installed_armnn_version (str): Arm NN version used to generate the package (e.g. 22.0.0)
+        installed_armnn_version (str): Arm NN version used to generate the package (e.g. 23.0.0)
         expected_armnn_version (str): Expected Arm NN version
 
     Returns:
diff --git a/python/pyarmnn/test/test_setup.py b/python/pyarmnn/test/test_setup.py
index e7f98c7..34d4b3a 100644
--- a/python/pyarmnn/test/test_setup.py
+++ b/python/pyarmnn/test/test_setup.py
@@ -87,15 +87,15 @@
 
 
 def test_armnn_version():
-    check_armnn_version('22.0.0', '22.0.0')
+    check_armnn_version('23.0.0', '23.0.0')
 
 
 def test_incorrect_armnn_version():
     with pytest.raises(AssertionError) as err:
-        check_armnn_version('22.0.0', '22.1.0')
+        check_armnn_version('23.0.0', '23.1.0')
 
-    assert 'Expected ArmNN version is 22.1.0 but installed ArmNN version is 22.0.0' in str(err.value)
+    assert 'Expected ArmNN version is 23.1.0 but installed ArmNN version is 23.0.0' in str(err.value)
 
 
 def test_armnn_version_patch_does_not_matter():
-    check_armnn_version('22.0.0', '22.0.1')
+    check_armnn_version('23.0.0', '23.0.1')
diff --git a/python/pyarmnn/test/test_version.py b/python/pyarmnn/test/test_version.py
index a212ff1..57dbd74 100644
--- a/python/pyarmnn/test/test_version.py
+++ b/python/pyarmnn/test/test_version.py
@@ -18,7 +18,7 @@
 
     importlib.reload(v)
 
-    assert "22.0.0.dev1" == v.__version__
+    assert "23.0.0.dev1" == v.__version__
 
     del os.environ["PYARMNN_DEV_VER"]
     del v
@@ -30,7 +30,7 @@
 
     importlib.reload(v)
 
-    assert "22.0.0" == v.__arm_ml_version__
+    assert "23.0.0" == v.__arm_ml_version__
 
     del os.environ["PYARMNN_DEV_VER"]
     del v