diff --git a/sceptre/__init__.py b/sceptre/__init__.py
index 19ca3de5f..7e94b299e 100644
--- a/sceptre/__init__.py
+++ b/sceptre/__init__.py
@@ -5,7 +5,7 @@
 
 __author__ = 'Cloudreach'
 __email__ = 'sceptre@cloudreach.com'
-__version__ = '1.4.2'
+__version__ = '1.5.0'
 
 
 # Set up logging to ``/dev/null`` like a library is supposed to.
diff --git a/setup.cfg b/setup.cfg
index 7933aef14..d17b9596d 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 1.4.2
+current_version = 1.5.0
 commit = True
 tag = True