diff --git a/CHANGELOG.md b/CHANGELOG.md
index 08b01d449..bebc84297 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,7 @@
 # master
 
+# 2.16.0
+
 * Add `--sidecar` option to the erb, haml and slim generators. Places the generated template in the sidecar directory.
 
     *Michael van Rooijen*
diff --git a/Gemfile.lock b/Gemfile.lock
index b05edb5fb..b515c3409 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    view_component (2.15.0)
+    view_component (2.16.0)
       activesupport (>= 5.0.0, < 7.0)
 
 GEM
diff --git a/lib/view_component/version.rb b/lib/view_component/version.rb
index 75d60834b..dec0c4f0e 100644
--- a/lib/view_component/version.rb
+++ b/lib/view_component/version.rb
@@ -3,7 +3,7 @@
 module ViewComponent
   module VERSION
     MAJOR = 2
-    MINOR = 15
+    MINOR = 16
     PATCH = 0
 
     STRING = [MAJOR, MINOR, PATCH].join(".")