diff --git a/meson.build b/meson.build
index f47d3b3e0..7aa05e62d 100644
--- a/meson.build
+++ b/meson.build
@@ -1,6 +1,6 @@
 project(
   'budgie-control-center', 'c',
-        version : '0.3.0',
+        version : '0.4.0',
         license : 'GPL2+',
   meson_version : '>= 0.53.0'
 )
diff --git a/mkrelease.sh b/mkrelease.sh
index dfe346a3c..bb90ced94 100755
--- a/mkrelease.sh
+++ b/mkrelease.sh
@@ -4,7 +4,7 @@ set -e
 git submodule init
 git submodule update
 
-VERSION="0.3"
+VERSION="0.4"
 NAME="budgie-control-center"
 git-archive-all.sh --format tar --prefix ${NAME}-${VERSION}/ --verbose -t HEAD ${NAME}-${VERSION}.tar
 xz -9 "${NAME}-${VERSION}.tar"