diff --git a/update-version.sh b/update-version.sh
new file mode 100755
index 000000000..c8102c2b4
--- /dev/null
+++ b/update-version.sh
@@ -0,0 +1,30 @@
+#!/bin/bash
+
+#Execute this script from local checkout of spring cloud stream
+
+./mvnw versions:update-property -Dproperty=spring-cloud-stream.version -DnewVersion=[$2] -DallowSnapshots=true -DallowDowngrade=true
+./mvnw versions:update-parent -DparentVersion=[0.0.1,$3] -Pspring -DgenerateBackupPoms=false -DallowSnapshots=true
+./mvnw versions:set -DnewVersion=$1 -DgenerateBackupPoms=false
+
+
+
+lines=$(find . -name 'pom.xml' | xargs egrep "SNAPSHOT|M[0-9]|RC[0-9]" | grep -v regex | wc -l)
+if [ $lines -eq 0 ]; then
+	echo "No snapshots found"
+else
+	echo "Snapshots found."
+fi
+
+lines=$(find . -name 'pom.xml' | xargs egrep "M[0-9]" | grep -v regex | wc -l)
+if [ $lines -eq 0 ]; then
+	echo "No milestones found"
+else
+	echo "Milestones found."
+fi
+
+lines=$(find . -name 'pom.xml' | xargs egrep "RC[0-9]" | grep -v regex | wc -l)
+if [ $lines -eq 0 ]; then
+	echo "No release candidates found"
+else
+	echo "Release candidates found."
+fi