diff --git a/Changes.md b/Changes.md
index 95876f5d94..cb54a59a14 100644
--- a/Changes.md
+++ b/Changes.md
@@ -1,4 +1,9 @@
-1.4.x.x (relative to 1.4.6.0)
+1.4.x.x (relative to 1.4.7.0)
+=======
+
+
+
+1.4.7.0 (relative to 1.4.6.0)
 =======
 
 Improvements
diff --git a/SConstruct b/SConstruct
index d1bab4e959..86408d68b5 100644
--- a/SConstruct
+++ b/SConstruct
@@ -63,7 +63,7 @@ if codecs.lookup( locale.getpreferredencoding() ).name != "utf-8" :
 
 gafferMilestoneVersion = 1 # for announcing major milestones - may contain all of the below
 gafferMajorVersion = 4 # backwards-incompatible changes
-gafferMinorVersion = 6 # new backwards-compatible features
+gafferMinorVersion = 7 # new backwards-compatible features
 gafferPatchVersion = 0 # bug fixes
 gafferVersionSuffix = "" # used for alpha/beta releases : "a1", "b2", etc.