diff --git a/Plugins/SML/SML.uplugin b/Plugins/SML/SML.uplugin
index c98cd3a561..9f84277e50 100644
--- a/Plugins/SML/SML.uplugin
+++ b/Plugins/SML/SML.uplugin
@@ -1,8 +1,8 @@
 {
 	"FileVersion": 3,
 	"Version": 3,
-	"VersionName": "3.0.0",
-	"SemVersion": "3.0.0",
+	"VersionName": "3.1.0",
+	"SemVersion": "3.1.0",
 	"FriendlyName": "Satisfactory Mod Loader",
 	"Description": "Mod loading and compatibility API for Satisfactory",
 	"Category": "Modding",
diff --git a/Plugins/SML/Source/SML/Private/SatisfactoryModLoader.cpp b/Plugins/SML/Source/SML/Private/SatisfactoryModLoader.cpp
index b63af153f0..e17e1dec4c 100644
--- a/Plugins/SML/Source/SML/Private/SatisfactoryModLoader.cpp
+++ b/Plugins/SML/Source/SML/Private/SatisfactoryModLoader.cpp
@@ -21,7 +21,7 @@
 #define SML_BUILD_METADATA "unknown"
 #endif
 
-extern "C" DLLEXPORT const TCHAR* modLoaderVersionString = TEXT("3.0.0+") TEXT(SML_BUILD_METADATA);
+extern "C" DLLEXPORT const TCHAR* modLoaderVersionString = TEXT("3.1.0+") TEXT(SML_BUILD_METADATA);
 extern "C" DLLEXPORT const long targetGameVersion = 151773;
 
 DEFINE_LOG_CATEGORY(LogSatisfactoryModLoader);