diff --git a/src/template.yml b/src/template.yml
index 297af4cf0..205551500 100644
--- a/src/template.yml
+++ b/src/template.yml
@@ -14,7 +14,7 @@ Metadata:
     ReadmeUrl: ../docs/serverless-application-repo.md
     Labels: ['adf', 'aws-deployment-framework', 'multi-account', 'cicd', 'devops']
     HomePageUrl: https://github.com/awslabs/aws-deployment-framework
-    SemanticVersion: 3.0.6
+    SemanticVersion: 3.1.0
     SourceCodeUrl: https://github.com/awslabs/aws-deployment-framework
 Parameters:
   CrossAccountAccessRoleName:
@@ -172,7 +172,7 @@ Resources:
           TERMINATION_PROTECTION: false
           MASTER_ACCOUNT_ID: !Ref AWS::AccountId
           ORGANIZATION_ID: !GetAtt Organization.OrganizationId
-          ADF_VERSION: 3.0.6
+          ADF_VERSION: 3.1.0
           ADF_LOG_LEVEL: INFO
       FunctionName: StackWaiter
       Role: !GetAtt LambdaRole.Arn
@@ -193,7 +193,7 @@ Resources:
           DEPLOYMENT_ACCOUNT_BUCKET: !GetAtt SharedModulesBucketName.Value
           MASTER_ACCOUNT_ID: !Ref AWS::AccountId
           ORGANIZATION_ID: !GetAtt Organization.OrganizationId
-          ADF_VERSION: 3.0.6
+          ADF_VERSION: 3.1.0
           ADF_LOG_LEVEL: INFO
       FunctionName: DetermineEventFunction
       Role: !GetAtt LambdaRole.Arn
@@ -214,7 +214,7 @@ Resources:
           DEPLOYMENT_ACCOUNT_BUCKET: !GetAtt SharedModulesBucketName.Value
           MASTER_ACCOUNT_ID: !Ref AWS::AccountId
           ORGANIZATION_ID: !GetAtt Organization.OrganizationId
-          ADF_VERSION: 3.0.6
+          ADF_VERSION: 3.1.0
           ADF_LOG_LEVEL: INFO
       FunctionName: CrossAccountExecuteFunction
       Role: !GetAtt LambdaRole.Arn
@@ -233,7 +233,7 @@ Resources:
           S3_BUCKET_NAME: !Ref BootstrapTemplatesBucket
           TERMINATION_PROTECTION: false
           MASTER_ACCOUNT_ID: !Ref AWS::AccountId
-          ADF_VERSION: 3.0.6
+          ADF_VERSION: 3.1.0
           ADF_LOG_LEVEL: INFO
       FunctionName: RoleStackDeploymentFunction
       Role: !GetAtt LambdaRole.Arn
@@ -252,7 +252,7 @@ Resources:
           S3_BUCKET_NAME: !Ref BootstrapTemplatesBucket
           TERMINATION_PROTECTION: false
           MASTER_ACCOUNT_ID: !Ref AWS::AccountId
-          ADF_VERSION: 3.0.6
+          ADF_VERSION: 3.1.0
           ADF_LOG_LEVEL: INFO
       FunctionName: MovedToRootActionFunction
       Role: !GetAtt LambdaRole.Arn
@@ -271,7 +271,7 @@ Resources:
           S3_BUCKET_NAME: !Ref BootstrapTemplatesBucket
           TERMINATION_PROTECTION: false
           MASTER_ACCOUNT_ID: !Ref AWS::AccountId
-          ADF_VERSION: 3.0.6
+          ADF_VERSION: 3.1.0
           ADF_LOG_LEVEL: INFO
       FunctionName: UpdateResourcePoliciesFunction
       Role: !GetAtt LambdaRole.Arn
@@ -449,7 +449,7 @@ Resources:
         Image: "aws/codebuild/standard:5.0"
         EnvironmentVariables:
           - Name: ADF_VERSION
-            Value: 3.0.6
+            Value: 3.1.0
           - Name: TERMINATION_PROTECTION
             Value: false
           - Name: PYTHONPATH
@@ -713,7 +713,7 @@ Resources:
     Type: Custom::InitialCommit
     Properties:
       ServiceToken: !GetAtt InitialCommitHandler.Arn
-      Version: 3.0.6
+      Version: 3.1.0
       RepositoryArn: !GetAtt CodeCommitRepository.Arn
       DirectoryName: bootstrap_repository
       ExistingAccountId: !Ref DeploymentAccountId
@@ -934,7 +934,7 @@ Resources:
           Id: adf-codepipeline-trigger-bootstrap
 Outputs:
   ADFVersionNumber:
-    Value: 3.0.6
+    Value: 3.1.0
     Export:
       Name: "ADFVersionNumber"
   LayerArn: