diff --git a/Makefile b/Makefile
index dcff1a5..09dcdc2 100644
--- a/Makefile
+++ b/Makefile
@@ -8,7 +8,7 @@ endif
 
 REGISTRY ?= gcr.io/spectro-dev-public/${RELEASE_LOC}/cluster-api-coxedge
 SPECTRO_VERSION ?= 4.0.0-dev
-IMG_TAG ?= v0.5.4-spectro-${SPECTRO_VERSION}
+IMG_TAG ?= v0.5.5-spectro-${SPECTRO_VERSION}
 IMAGE_NAME ?= cluster-api-cox-controller:${IMG_TAG}
 IMG ?= $(REGISTRY)/$(IMAGE_NAME)
 # Produce CRDs that work back to Kubernetes 1.11 (no version conversion)