diff --git a/buildSrc/src/main/groovy/org/apache/beam/gradle/BeamModulePlugin.groovy b/buildSrc/src/main/groovy/org/apache/beam/gradle/BeamModulePlugin.groovy
index 0e5312286c4f1..e5f71e97258d8 100644
--- a/buildSrc/src/main/groovy/org/apache/beam/gradle/BeamModulePlugin.groovy
+++ b/buildSrc/src/main/groovy/org/apache/beam/gradle/BeamModulePlugin.groovy
@@ -398,7 +398,7 @@ class BeamModulePlugin implements Plugin<Project> {
 
     // Automatically use the official release version if we are performing a release
     // otherwise append '-SNAPSHOT'
-    project.version = '2.45.0'
+    project.version = '2.45.1'
     if (isLinkedin(project)) {
       project.ext.mavenGroupId = 'com.linkedin.beam'
     }
diff --git a/gradle.properties b/gradle.properties
index 01458fb365228..add7471e108cc 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -30,8 +30,8 @@ signing.gnupg.useLegacyGpg=true
 # buildSrc/src/main/groovy/org/apache/beam/gradle/BeamModulePlugin.groovy.
 # To build a custom Beam version make sure you change it in both places, see
 # https://github.com/apache/beam/issues/21302.
-version=2.45.0
-sdk_version=2.45.0
+version=2.45.1
+sdk_version=2.45.1
 
 javaVersion=1.8