diff --git a/wagtail/__init__.py b/wagtail/__init__.py
index 972d376f9..551f57c35 100644
--- a/wagtail/__init__.py
+++ b/wagtail/__init__.py
@@ -2,7 +2,7 @@ from wagtail.utils.version import get_semver_version, get_version
 
 # major.minor.patch.release.number
 # release must be one of alpha, beta, rc, or final
-VERSION = (2, 0, 0, 'alpha', 0)
+VERSION = (2, 0, 0, 'beta', 1)
 
 __version__ = get_version(VERSION)
 
diff --git a/wagtail/project_template/requirements.txt b/wagtail/project_template/requirements.txt
index 8848804d0..bad5a2a7d 100644
--- a/wagtail/project_template/requirements.txt
+++ b/wagtail/project_template/requirements.txt
@@ -1,2 +1,2 @@
 Django>=2.0,<2.1
-wagtail==2.0a0
+wagtail==2.0b1