diff --git a/CHANGELOG.md b/CHANGELOG.md
index 34091d47..f861855d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,11 @@
 Change log
 -----------
 
+# 2024.1.0
+## (2024-01-02)
+
+* Declare ESR 2024.1.0
+
 # v2.115.0+rev1
 ## (2023-05-23)
 
diff --git a/VERSION b/VERSION
index a5490316..f96d3c43 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-2.115.0+rev1
\ No newline at end of file
+2024.1.0
\ No newline at end of file
diff --git a/layers/meta-balena b/layers/meta-balena
index e86e1032..011479ca 160000
--- a/layers/meta-balena
+++ b/layers/meta-balena
@@ -1 +1 @@
-Subproject commit e86e103292e67dda18ca243e46721e65cd89c577
+Subproject commit 011479ca9ce1392e0083f79e9816dbaf0b045480
diff --git a/repo.yml b/repo.yml
index 3aed590e..d0f7e2c3 100644
--- a/repo.yml
+++ b/repo.yml
@@ -1,10 +1,11 @@
----
-type: 'yocto-based OS image'
+esr:
+  version: '2024.1'
 reviewers: 1
+type: yocto-based OS image
 upstream:
-  - repo: 'layers/meta-balena'
-    url: 'http://github.com/balena-os/meta-balena'
-  - repo: 'balena-yocto-scripts'
-    url: 'http://github.com/balena-os/balena-yocto-scripts'
-  - repo: 'contracts'
-    url: 'https://github.com/balena-io/contracts.git'
+- repo: layers/meta-balena
+  url: http://github.com/balena-os/meta-balena
+- repo: balena-yocto-scripts
+  url: http://github.com/balena-os/balena-yocto-scripts
+- repo: contracts
+  url: https://github.com/balena-io/contracts.git