diff --git a/helm/Chart.yaml b/helm/Chart.yaml
index 1d45a4869..fc3051540 100644
--- a/helm/Chart.yaml
+++ b/helm/Chart.yaml
@@ -2,4 +2,4 @@ apiVersion: v2
 name: tyk-operator
 description: A Helm chart to install the tyk-operator
 type: application
-version: 0.15.1 # version of the chart
+version: 0.16.0 # version of the chart
diff --git a/helm/values.yaml b/helm/values.yaml
index 1da22c881..d3afcd6e0 100644
--- a/helm/values.yaml
+++ b/helm/values.yaml
@@ -11,7 +11,7 @@ envVars:
 image:
   repository: tykio/tyk-operator
   pullPolicy: IfNotPresent
-  tag: "v0.15.1"
+  tag: "v0.16.0"
 # specify imagePullSecrets for ServiceAccount
 imagePullSecrets: []
 nameOverride: ""