diff --git a/lib/open_project/costs/version.rb b/lib/open_project/costs/version.rb
index 1f63f07c0f..0f4ee7bcb3 100644
--- a/lib/open_project/costs/version.rb
+++ b/lib/open_project/costs/version.rb
@@ -19,6 +19,6 @@
 
 module OpenProject
   module Costs
-    VERSION = "7.0.1"
+    VERSION = "7.1.0"
   end
 end