diff --git a/cmake/GeoModel-version.cmake b/cmake/GeoModel-version.cmake
index 3eae96828856171b0ae423641e7e7f780e138462..9362263d1cce7247344d514e145bc731d1a6cca2 100644
--- a/cmake/GeoModel-version.cmake
+++ b/cmake/GeoModel-version.cmake
@@ -1,5 +1,5 @@
 # Set up the version of GeoModel as a cache variable, so that other
 # sub-projects could use this value.
-set( GeoModel_VERSION "5.1.0" CACHE STRING
+set( GeoModel_VERSION "5.3.0" CACHE STRING
     "Version of the GeoModel project" )