diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 8d1c522f3..17b48226d 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-    "hugr-py": "0.1.0"
+    "hugr-py": "0.2.0"
 }
diff --git a/hugr-py/CHANGELOG.md b/hugr-py/CHANGELOG.md
index 7e32a82be..7aad4d253 100644
--- a/hugr-py/CHANGELOG.md
+++ b/hugr-py/CHANGELOG.md
@@ -1,5 +1,24 @@
 # Changelog
 
+## [0.2.0](https://github.com/CQCL/hugr/compare/hugr-py-v0.1.0...hugr-py-v0.2.0) (2024-05-02)
+
+
+### ⚠ BREAKING CHANGES
+
+* serialisation schema ([#968](https://github.com/CQCL/hugr/issues/968))
+* bring back Value ([#967](https://github.com/CQCL/hugr/issues/967))
+
+### Features
+
+* bring back Value ([#967](https://github.com/CQCL/hugr/issues/967)) ([0c354b6](https://github.com/CQCL/hugr/commit/0c354b6e07ae1aafee17e412fe54f7b3db321beb))
+* Encoder metadata in serialized hugr ([#955](https://github.com/CQCL/hugr/issues/955)) ([0a44d48](https://github.com/CQCL/hugr/commit/0a44d487b73f58674eb5884c72479a03e924bef0))
+
+
+### Bug Fixes
+
+* serialisation schema ([#968](https://github.com/CQCL/hugr/issues/968)) ([d913f40](https://github.com/CQCL/hugr/commit/d913f406478a9f884bffef2002a02d423796b4e9))
+* Set default value for Conditional.sum_rows ([#934](https://github.com/CQCL/hugr/issues/934)) ([d69198e](https://github.com/CQCL/hugr/commit/d69198eb57bf77f32538e1ba8de1f308815a067d))
+
 ## 0.1.0 (2024-04-15)
 
 This first release includes a pydantic model for the hugr serialization format version 1.
diff --git a/hugr-py/pyproject.toml b/hugr-py/pyproject.toml
index 28e4652b7..e3c93eb71 100644
--- a/hugr-py/pyproject.toml
+++ b/hugr-py/pyproject.toml
@@ -13,7 +13,7 @@ classifiers = [
     "Topic :: Scientific/Engineering",
 ]
 name = "hugr"
-version = "0.1.0"
+version = "0.2.0"
 description = "Quantinuum's common representation for quantum programs"
 #keywords = []
 authors = ["TKET development team <tket-support@cambridgequantum.com>"]
diff --git a/hugr-py/src/hugr/__init__.py b/hugr-py/src/hugr/__init__.py
index 2a151714d..cf1f410f5 100644
--- a/hugr-py/src/hugr/__init__.py
+++ b/hugr-py/src/hugr/__init__.py
@@ -2,7 +2,7 @@
 representation.
 """
 
-__version__ = "0.1.0"
+__version__ = "0.2.0"
 
 
 def it_works() -> str: