diff --git a/version.bzl b/version.bzl
index db9e7bb9df..80269d7bb2 100644
--- a/version.bzl
+++ b/version.bzl
@@ -1,3 +1,3 @@
 """The version of rules_rust."""
 
-VERSION = "0.30.0"
+VERSION = "0.31.0"