diff --git a/heat/core/version.py b/heat/core/version.py
index 5d44f6d2b6..2fc75b1524 100644
--- a/heat/core/version.py
+++ b/heat/core/version.py
@@ -5,7 +5,7 @@
 """Indicates Heat's main version."""
 minor: int = 3
 """Indicates feature extension."""
-micro: int = 0
+micro: int = 1
 """Indicates revisions for bugfixes."""
 extension: str = None
 """Indicates special builds, e.g. for specific hardware."""