diff --git a/fpm.toml b/fpm.toml
index 568754c510..c7ab9cfb8b 100644
--- a/fpm.toml
+++ b/fpm.toml
@@ -1,5 +1,5 @@
 name = "fpm"
-version = "0.2.0"
+version = "0.3.0"
 license = "MIT"
 author = "fpm maintainers"
 maintainer = ""
diff --git a/src/fpm_command_line.f90 b/src/fpm_command_line.f90
index d324b971e0..b130f89b52 100644
--- a/src/fpm_command_line.f90
+++ b/src/fpm_command_line.f90
@@ -138,7 +138,7 @@ subroutine get_command_line_settings(cmd_settings)
             case default     ; os_type =  "OS Type:     UNKNOWN"
         end select
         version_text = [character(len=80) :: &
-         &  'Version:     0.2.0, alpha',                           &
+         &  'Version:     0.3.0, alpha',                           &
          &  'Program:     fpm(1)',                                     &
          &  'Description: A Fortran package manager and build system', &
          &  'Home Page:   https://github.com/fortran-lang/fpm',        &