diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5cbdd536a..aefb1c714 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 ## master
 
+## 2.21.0
+
 * Only compile components at application initialization if eager loading is enabled.
 
     *Joel Hawksley*
diff --git a/lib/view_component/version.rb b/lib/view_component/version.rb
index 80271da7b..b8ff1404f 100644
--- a/lib/view_component/version.rb
+++ b/lib/view_component/version.rb
@@ -3,7 +3,7 @@
 module ViewComponent
   module VERSION
     MAJOR = 2
-    MINOR = 20
+    MINOR = 21
     PATCH = 0
 
     STRING = [MAJOR, MINOR, PATCH].join(".")