diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6bb08dac13..cb46af5333 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,7 +7,7 @@
   useful summary for people upgrading their application, not a replication
   of the commit log.
 
-## Unreleased
+## 49.0.0
 
 * Add more options to the component wrapper helper ([PR #4554](https://github.com/alphagov/govuk_publishing_components/pull/4554))
 * **BREAKING** Use component wrapper on modal dialogue component ([PR #4555](https://github.com/alphagov/govuk_publishing_components/pull/4555))
diff --git a/Gemfile.lock b/Gemfile.lock
index d8d0085c44..3253911970 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    govuk_publishing_components (48.0.0)
+    govuk_publishing_components (49.0.0)
       govuk_app_config
       govuk_personalisation (>= 0.7.0)
       kramdown
diff --git a/lib/govuk_publishing_components/version.rb b/lib/govuk_publishing_components/version.rb
index 8db8fbd428..5f3d88924d 100644
--- a/lib/govuk_publishing_components/version.rb
+++ b/lib/govuk_publishing_components/version.rb
@@ -1,3 +1,3 @@
 module GovukPublishingComponents
-  VERSION = "48.0.0".freeze
+  VERSION = "49.0.0".freeze
 end