diff --git a/docs/quick_start.md b/docs/quick_start.md
index 2af0c8e..d7afae7 100644
--- a/docs/quick_start.md
+++ b/docs/quick_start.md
@@ -71,7 +71,7 @@
 python3 -m venv env
 env/bin/python3 -m pip install --upgrade pip
 env/bin/python3 -m pip install --upgrade setuptools
-env/bin/python3 -m pip install ethos-u-vela==3.4.0
+env/bin/python3 -m pip install ethos-u-vela==3.5.0
 cd ..
 
 curl -L https://github.com/ARM-software/ML-zoo/raw/7c32b097f7d94aae2cd0b98a8ed5a3ba81e66b18/models/anomaly_detection/micronet_medium/tflite_int8/ad_medium_int8.tflite \
diff --git a/docs/sections/building.md b/docs/sections/building.md
index 2306385..de78dce 100644
--- a/docs/sections/building.md
+++ b/docs/sections/building.md
@@ -712,7 +712,7 @@
 > <https://pypi.org/project/ethos-u-vela/>.
 > The source code is hosted on <https://review.mlplatform.org/plugins/gitiles/ml/ethos-u/ethos-u-vela/>.
 
-> **Note:** Using the 22.05 versions of software dependencies will require Vela to be at least version 3.4.0
+> **Note:** Using the 22.08 versions of software dependencies will require Vela to be at least version 3.5.0
 > or you may encounter issues when trying to run applications on different variants of Ethos-U NPUs.
 
 The Vela compiler is a tool that can optimize a neural network model into a version that can run on an embedded system
diff --git a/docs/sections/troubleshooting.md b/docs/sections/troubleshooting.md
index fd2f393..d5224c4 100644
--- a/docs/sections/troubleshooting.md
+++ b/docs/sections/troubleshooting.md
@@ -6,7 +6,7 @@
   - [NPU configuration mismatch error when running inference](./troubleshooting.md#npu-configuration-mismatch-error-when-running-inference)
   - [Errors when cloning the repository](./troubleshooting.md#errors-when-cloning-the-repository)
   - [Problem installing Vela](./troubleshooting.md#problem-installing-vela)
-  - [No matching distribution found for ethos-u-vela==3.4.0](./troubleshooting.md#no-matching-distribution-found-for-ethos_u_vela)
+  - [No matching distribution found for ethos-u-vela==3.5.0](./troubleshooting.md#no-matching-distribution-found-for-ethos_u_vela)
     - [How to update Python3 package to 3.7 version](./troubleshooting.md#how-to-update-python3-package-to-newer-version)
   - [Error trying to build on Arm Virtual Hardware](./troubleshooting.md#error-trying-to-build-on-arm-virtual-hardware)
 
@@ -127,12 +127,12 @@
 
 ## No matching distribution found for ethos-u-vela
 
-Vela 3.4.0 increases Python requirement to at least version 3.7, if not installed on your system the following error will occur:
+Vela 3.5.0 increases Python requirement to at least version 3.7, if not installed on your system the following error will occur:
 
 ```log
-python3 -m pip install ethos-u-vela==3.4.0
-ERROR: Could not find a version that satisfies the requirement ethos-u-vela==3.4.0 (from versions: 0.1.0, 1.0.0, 1.1.0, 1.2.0, 2.0.0, 2.0.1, 2.1.1, 3.0.0, 3.1.0, 3.2.0)
-ERROR: No matching distribution found for ethos-u-vela==3.4.0
+python3 -m pip install ethos-u-vela==3.5.0
+ERROR: Could not find a version that satisfies the requirement ethos-u-vela==3.5.0 (from versions: 0.1.0, 1.0.0, 1.1.0, 1.2.0, 2.0.0, 2.0.1, 2.1.1, 3.0.0, 3.1.0, 3.2.0)
+ERROR: No matching distribution found for ethos-u-vela==3.5.0
 ```
 
 Ensure that the minimum Python 3.7 requirement is installed and it's the default version.
diff --git a/download_dependencies.py b/download_dependencies.py
index 2a81cfb..dccd38d 100755
--- a/download_dependencies.py
+++ b/download_dependencies.py
@@ -24,7 +24,7 @@
 from zipfile import ZipFile
 from pathlib import Path
 
-TF = "https://github.com/tensorflow/tflite-micro/archive/286aeb5ff20d3571556e48a5c1af8527f84d3456.zip"
+TF = "https://github.com/tensorflow/tflite-micro/archive/67e9d8f60d3e37ab02f94a93f016179ef5e96cb6.zip"
 CMSIS = "https://github.com/ARM-software/CMSIS_5/archive/ed78d6b78766d71cfe0431149f2f261d1c7277a1.zip"
 CMSIS_DSP = "https://github.com/ARM-software/CMSIS-DSP/archive/refs/tags/v1.11.0.zip"
 ETHOS_U_CORE_DRIVER = "https://git.mlplatform.org/ml/ethos-u/ethos-u-core-driver.git/snapshot/ethos-u-core-driver-22.08.tar.gz"
diff --git a/release_notes.txt b/release_notes.txt
index f4511ce..59a9d65 100644
--- a/release_notes.txt
+++ b/release_notes.txt
@@ -1,5 +1,5 @@
 Changes in 22.08
-    * Support for 22.08 Ethos-U component and dependencies (core-driver, core-platform, CMSIS, TensorFlow Lite Micro).
+    * Support for 22.08 Ethos-U component and dependencies (core-driver, core-platform, Vela 3.5.0, CMSIS, TensorFlow Lite Micro).
     * Formal support for Arm® Corstone-310 Arm Virtual Hardware and FPGA implementations.
     * Added CMake presets.
     * Bug fix for Arm® Ethos-U65 NPU's default AXI burst length.
diff --git a/set_up_default_resources.py b/set_up_default_resources.py
index 2d055ef..1d3922a 100755
--- a/set_up_default_resources.py
+++ b/set_up_default_resources.py
@@ -381,7 +381,7 @@
     metadata_file_path = download_dir / "resources_downloaded_metadata.json"
 
     metadata_dict = dict()
-    vela_version = "3.4.0"
+    vela_version = "3.5.0"
     py3_major_version_minimum = 3  # Python >= 3.7 is required
     py3_minor_version_minimum = 7