diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 38cbb766da98..a859712d800f 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "2.96.0"
+  ".": "2.97.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1172d2129c12..79722c51bd64 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,20 @@
 # Changelog
 
+## [2.97.0](https://github.com/Flagsmith/flagsmith/compare/v2.96.0...v2.97.0) (2024-01-31)
+
+
+### Features
+
+* **rate-limit/redis:** Use redis to store throttling data for admin endpoints ([#2863](https://github.com/Flagsmith/flagsmith/issues/2863)) ([61537ce](https://github.com/Flagsmith/flagsmith/commit/61537ce790dc3b2119b7cc8ee15b9ddc5530c2c9))
+* send telemetry heartbeat post migrations are applied ([#3351](https://github.com/Flagsmith/flagsmith/issues/3351)) ([31af594](https://github.com/Flagsmith/flagsmith/commit/31af59418a6995fd7e6813f07e8eaea5747e13ab))
+
+
+### Bug Fixes
+
+* **2079/deadlock:** avoid deadlock by updating env individually ([#3339](https://github.com/Flagsmith/flagsmith/issues/3339)) ([85443a2](https://github.com/Flagsmith/flagsmith/commit/85443a23c4d81cd41045604f605c14d541ceae3d))
+* **staging/infra/redis:** use correct connection factory ([#3353](https://github.com/Flagsmith/flagsmith/issues/3353)) ([4a5f5e6](https://github.com/Flagsmith/flagsmith/commit/4a5f5e6af28ff755e1f82617d605be26a2e2ba42))
+* **webhook/logging:** log response code only if response is not none ([#3354](https://github.com/Flagsmith/flagsmith/issues/3354)) ([ea42a34](https://github.com/Flagsmith/flagsmith/commit/ea42a34bd320a077ebc225ac999f4cac875b8df0))
+
 ## [2.96.0](https://github.com/Flagsmith/flagsmith/compare/v2.95.0...v2.96.0) (2024-01-29)
 
 
diff --git a/version.txt b/version.txt
index 6bc2cdbbccd2..e362c0412bfc 100644
--- a/version.txt
+++ b/version.txt
@@ -1 +1 @@
-2.96.0
+2.97.0