diff --git a/build/templates/UmbracoSolution/.template.config/template.json b/build/templates/UmbracoSolution/.template.config/template.json
index ed83414eb6..04f77a556e 100644
--- a/build/templates/UmbracoSolution/.template.config/template.json
+++ b/build/templates/UmbracoSolution/.template.config/template.json
@@ -15,7 +15,7 @@
         "version": {
             "type": "parameter",
             "datatype": "string",
-            "defaultValue": "0.5.0-alpha002",
+            "defaultValue": "0.5.0-alpha003",
             "description": "The version of Umbraco to load using NuGet",
             "replaces": "UMBRACO_VERSION_FROM_TEMPLATE"
         },
diff --git a/src/SolutionInfo.cs b/src/SolutionInfo.cs
index 26e46eab0a..0a2e2c5c54 100644
--- a/src/SolutionInfo.cs
+++ b/src/SolutionInfo.cs
@@ -19,4 +19,4 @@ using System.Resources;
 
 // these are FYI and changed automatically
 [assembly: AssemblyFileVersion("0.5.0")]
-[assembly: AssemblyInformationalVersion("0.5.0-alpha002")]
+[assembly: AssemblyInformationalVersion("0.5.0-alpha003")]