diff --git a/Gemfile.lock b/Gemfile.lock
index 56cabd8c3..677b222c7 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    view_component (3.15.1)
+    view_component (3.16.0)
       activesupport (>= 5.2.0, < 8.0)
       concurrent-ruby (~> 1.0)
       method_source (~> 1.0)
diff --git a/docs/CHANGELOG.md b/docs/CHANGELOG.md
index ba636c62b..53e7b2d3a 100644
--- a/docs/CHANGELOG.md
+++ b/docs/CHANGELOG.md
@@ -10,6 +10,8 @@ nav_order: 5
 
 ## main
 
+## 3.16.0
+
 * Add template information to multiple template error messages.
 
     *Joel Hawksley*
diff --git a/docs/_data/library.yml b/docs/_data/library.yml
index 3a7e15bb2..f1e1d3f8a 100644
--- a/docs/_data/library.yml
+++ b/docs/_data/library.yml
@@ -1 +1 @@
-version: 3.15.1
+version: 3.16.0
diff --git a/lib/view_component/version.rb b/lib/view_component/version.rb
index aae5407a5..d44fe3fed 100644
--- a/lib/view_component/version.rb
+++ b/lib/view_component/version.rb
@@ -3,8 +3,8 @@
 module ViewComponent
   module VERSION
     MAJOR = 3
-    MINOR = 15
-    PATCH = 1
+    MINOR = 16
+    PATCH = 0
     PRE = nil
 
     STRING = [MAJOR, MINOR, PATCH, PRE].compact.join(".")