diff --git a/checkstyle/pom.xml b/checkstyle/pom.xml
index 919a79e..0c7b09d 100644
--- a/checkstyle/pom.xml
+++ b/checkstyle/pom.xml
@@ -25,7 +25,7 @@
     <modelVersion>4.0.0</modelVersion>
     <groupId>org.onap.cps</groupId>
     <artifactId>checkstyle</artifactId>
-    <version>3.0.1-SNAPSHOT</version>
+    <version>3.1.0-SNAPSHOT</version>
 
     <properties>
         <nexusproxy>https://nexus.onap.org</nexusproxy>
diff --git a/cps-application/pom.xml b/cps-application/pom.xml
index d89aaa3..193599f 100755
--- a/cps-application/pom.xml
+++ b/cps-application/pom.xml
@@ -27,7 +27,7 @@
     <parent>
         <groupId>org.onap.cps</groupId>
         <artifactId>cps-parent</artifactId>
-        <version>3.0.1-SNAPSHOT</version>
+        <version>3.1.0-SNAPSHOT</version>
         <relativePath>../cps-parent/pom.xml</relativePath>
     </parent>
 
diff --git a/cps-bom/pom.xml b/cps-bom/pom.xml
index 2cc9ced..0325858 100644
--- a/cps-bom/pom.xml
+++ b/cps-bom/pom.xml
@@ -25,7 +25,7 @@
     <modelVersion>4.0.0</modelVersion>
     <groupId>org.onap.cps</groupId>
     <artifactId>cps-bom</artifactId>
-    <version>3.0.1-SNAPSHOT</version>
+    <version>3.1.0-SNAPSHOT</version>
     <packaging>pom</packaging>
 
     <description>This artifact contains dependencyManagement declarations of all published CPS components.</description>
diff --git a/cps-dependencies/pom.xml b/cps-dependencies/pom.xml
index f114a15..05e7efa 100755
--- a/cps-dependencies/pom.xml
+++ b/cps-dependencies/pom.xml
@@ -24,7 +24,7 @@
     <modelVersion>4.0.0</modelVersion>
     <groupId>org.onap.cps</groupId>
     <artifactId>cps-dependencies</artifactId>
-    <version>3.0.1-SNAPSHOT</version>
+    <version>3.1.0-SNAPSHOT</version>
     <packaging>pom</packaging>
 
     <name>${project.groupId}:${project.artifactId}</name>
diff --git a/cps-events/pom.xml b/cps-events/pom.xml
index e4c5243..9bd9588 100644
--- a/cps-events/pom.xml
+++ b/cps-events/pom.xml
@@ -24,7 +24,7 @@
     <parent>
         <groupId>org.onap.cps</groupId>
         <artifactId>cps-parent</artifactId>
-        <version>3.0.1-SNAPSHOT</version>
+        <version>3.1.0-SNAPSHOT</version>
         <relativePath>../cps-parent/pom.xml</relativePath>
     </parent>
 
diff --git a/cps-ncmp-rest/pom.xml b/cps-ncmp-rest/pom.xml
index 44e42a3..6a700c3 100644
--- a/cps-ncmp-rest/pom.xml
+++ b/cps-ncmp-rest/pom.xml
@@ -27,7 +27,7 @@
     <parent>
         <groupId>org.onap.cps</groupId>
         <artifactId>cps-parent</artifactId>
-        <version>3.0.1-SNAPSHOT</version>
+        <version>3.1.0-SNAPSHOT</version>
         <relativePath>../cps-parent/pom.xml</relativePath>
     </parent>
 
diff --git a/cps-ncmp-service/pom.xml b/cps-ncmp-service/pom.xml
index 3bb5f73..573c76e 100644
--- a/cps-ncmp-service/pom.xml
+++ b/cps-ncmp-service/pom.xml
@@ -26,7 +26,7 @@
     <parent>
         <groupId>org.onap.cps</groupId>
         <artifactId>cps-parent</artifactId>
-        <version>3.0.1-SNAPSHOT</version>
+        <version>3.1.0-SNAPSHOT</version>
         <relativePath>../cps-parent/pom.xml</relativePath>
     </parent>
 
diff --git a/cps-parent/pom.xml b/cps-parent/pom.xml
index b52db7c..7726957 100755
--- a/cps-parent/pom.xml
+++ b/cps-parent/pom.xml
@@ -32,7 +32,7 @@
 
     <groupId>org.onap.cps</groupId>
     <artifactId>cps-parent</artifactId>
-    <version>3.0.1-SNAPSHOT</version>
+    <version>3.1.0-SNAPSHOT</version>
     <packaging>pom</packaging>
 
     <properties>
diff --git a/cps-path-parser/pom.xml b/cps-path-parser/pom.xml
index 4584222..514784c 100644
--- a/cps-path-parser/pom.xml
+++ b/cps-path-parser/pom.xml
@@ -23,7 +23,7 @@
     <parent>
         <groupId>org.onap.cps</groupId>
         <artifactId>cps-parent</artifactId>
-        <version>3.0.1-SNAPSHOT</version>
+        <version>3.1.0-SNAPSHOT</version>
         <relativePath>../cps-parent/pom.xml</relativePath>
     </parent>
 
diff --git a/cps-rest/pom.xml b/cps-rest/pom.xml
index 49e3254..6019197 100755
--- a/cps-rest/pom.xml
+++ b/cps-rest/pom.xml
@@ -28,7 +28,7 @@
     <parent>
         <groupId>org.onap.cps</groupId>
         <artifactId>cps-parent</artifactId>
-        <version>3.0.1-SNAPSHOT</version>
+        <version>3.1.0-SNAPSHOT</version>
         <relativePath>../cps-parent/pom.xml</relativePath>
     </parent>
 
diff --git a/cps-ri/pom.xml b/cps-ri/pom.xml
index b9c4c70..98a392a 100644
--- a/cps-ri/pom.xml
+++ b/cps-ri/pom.xml
@@ -26,7 +26,7 @@
     <parent>
         <groupId>org.onap.cps</groupId>
         <artifactId>cps-parent</artifactId>
-        <version>3.0.1-SNAPSHOT</version>
+        <version>3.1.0-SNAPSHOT</version>
         <relativePath>../cps-parent/pom.xml</relativePath>
     </parent>
 
diff --git a/cps-service/pom.xml b/cps-service/pom.xml
index 38cdfce..aea122d 100644
--- a/cps-service/pom.xml
+++ b/cps-service/pom.xml
@@ -28,7 +28,7 @@
   <parent>
     <groupId>org.onap.cps</groupId>
     <artifactId>cps-parent</artifactId>
-    <version>3.0.1-SNAPSHOT</version>
+    <version>3.1.0-SNAPSHOT</version>
     <relativePath>../cps-parent/pom.xml</relativePath>
   </parent>
 
diff --git a/jacoco-report/pom.xml b/jacoco-report/pom.xml
index bf7f77d..d1181d3 100644
--- a/jacoco-report/pom.xml
+++ b/jacoco-report/pom.xml
@@ -5,7 +5,7 @@
     <parent>
         <groupId>org.onap.cps</groupId>
         <artifactId>cps-parent</artifactId>
-        <version>3.0.1-SNAPSHOT</version>
+        <version>3.1.0-SNAPSHOT</version>
         <relativePath>../cps-parent/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/pom.xml b/pom.xml
index 173730e..23ef44b 100644
--- a/pom.xml
+++ b/pom.xml
@@ -32,7 +32,7 @@
 
     <groupId>org.onap.cps</groupId>
     <artifactId>cps-aggregator</artifactId>
-    <version>3.0.1-SNAPSHOT</version>
+    <version>3.1.0-SNAPSHOT</version>
     <packaging>pom</packaging>
 
     <name>cps</name>
diff --git a/spotbugs/pom.xml b/spotbugs/pom.xml
index d13e61a..c586b83 100644
--- a/spotbugs/pom.xml
+++ b/spotbugs/pom.xml
@@ -25,7 +25,7 @@
     <modelVersion>4.0.0</modelVersion>
     <groupId>org.onap.cps</groupId>
     <artifactId>spotbugs</artifactId>
-    <version>3.0.1-SNAPSHOT</version>
+    <version>3.1.0-SNAPSHOT</version>
 
     <properties>
         <nexusproxy>https://nexus.onap.org</nexusproxy>
diff --git a/version.properties b/version.properties
index b2dfad6..870b994 100755
--- a/version.properties
+++ b/version.properties
@@ -1,5 +1,5 @@
 #  ============LICENSE_START=======================================================
-#  Copyright (C) 2021 Nordix Foundation
+#  Copyright (C) 2021-2022 Nordix Foundation
 #  Modifications Copyright (C) 2022 Bell Canada.
 #  ================================================================================
 #  Licensed under the Apache License, Version 2.0 (the "License");
@@ -21,8 +21,8 @@
 # because they are used in Jenkins, whose plug-in doesn't support this
 
 major=3
-minor=0
-patch=1
+minor=1
+patch=0
 
 base_version=${major}.${minor}.${patch}