diff --git a/CHANGELOG.md b/CHANGELOG.md
index 166df312a..7c98672c9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 ## main
 
+## 2.31.1
+
 * Fix `DEPRECATION WARNING: before_render_check` when compiling `ViewComponent::Base`
 
     *Dave Kroondyk*
diff --git a/Gemfile.lock b/Gemfile.lock
index 4af0b779f..ab2d6993f 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -87,7 +87,7 @@ GIT
 PATH
   remote: .
   specs:
-    view_component (2.31.0)
+    view_component (2.31.1)
       activesupport (>= 5.0.0, < 7.0)
 
 GEM
diff --git a/lib/view_component/version.rb b/lib/view_component/version.rb
index 7dcfcd7f1..b520444d9 100644
--- a/lib/view_component/version.rb
+++ b/lib/view_component/version.rb
@@ -4,7 +4,7 @@ module ViewComponent
   module VERSION
     MAJOR = 2
     MINOR = 31
-    PATCH = 0
+    PATCH = 1
 
     STRING = [MAJOR, MINOR, PATCH].join(".")
   end