diff --git a/ballerina-test-automation/gradle.properties b/ballerina-test-automation/gradle.properties
index 1ad3db58e1..0449033261 100644
--- a/ballerina-test-automation/gradle.properties
+++ b/ballerina-test-automation/gradle.properties
@@ -1,6 +1,6 @@
-swan-lake-latest-version=swan-lake-2201.6.0
+swan-lake-latest-version=swan-lake-2201.8.0
 swan-lake-latest-spec-version=2023R1
-swan-lake-latest-version-display-text=2201.6.0
+swan-lake-latest-version-display-text=2201.8.0
 swan-lake-latest-tool-version=1.3.15
 latest-tool-version=1.3.15
 1-x-channel-latest-version=1.2.13
diff --git a/gradle.properties b/gradle.properties
index 44e9d0418b..4c9ade92c4 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,7 +1,7 @@
 org.gradle.caching=true
 group=org.ballerinalang
 # During the release workflow, the following will get bumped automatically
-version=2201.7.0-SNAPSHOT
+version=2201.8.0-SNAPSHOT
 codeName=swan-lake
 
 ballerinaLangVersion=2201.8.0-20230718-003000-d7ad7106