diff --git a/project/Build.scala b/project/Build.scala
index 460fdd4ae89a..a18e37db9772 100644
--- a/project/Build.scala
+++ b/project/Build.scala
@@ -59,7 +59,7 @@ object DottyJSPlugin extends AutoPlugin {
 }
 
 object Build {
-  val referenceVersion = "3.1.1-RC1"
+  val referenceVersion = "3.1.1-RC2"
 
   val baseVersion = "3.1.2-RC1"