diff --git a/wagtail/__init__.py b/wagtail/__init__.py
index fc1d34ccbe..2fc96be4d7 100644
--- a/wagtail/__init__.py
+++ b/wagtail/__init__.py
@@ -7,7 +7,7 @@ from wagtail.utils.version import get_semver_version, get_version
 
 # major.minor.patch.release.number
 # release must be one of alpha, beta, rc, or final
-VERSION = (2, 16, 2, 'final', 1)
+VERSION = (2, 16, 3, 'final', 1)
 
 __version__ = get_version(VERSION)