diff --git a/Makefile b/Makefile
index 5a2ba48a..684f13e7 100644
--- a/Makefile
+++ b/Makefile
@@ -6,7 +6,7 @@ endif
 DOCKER_USER ?= $(shell echo ${DOCKER_IMAGE_NAME} | cut -d / -f1)
 VERSION ?= dev
 COMMIT_SHA = $(shell git rev-parse HEAD)
-RUNNER_VERSION ?= 2.316.0
+RUNNER_VERSION ?= 2.316.1
 TARGETPLATFORM ?= $(shell arch)
 RUNNER_NAME ?= ${DOCKER_USER}/actions-runner
 RUNNER_TAG  ?= ${VERSION}
diff --git a/main.go b/main.go
index 284920da..cfe14c6c 100644
--- a/main.go
+++ b/main.go
@@ -256,7 +256,7 @@ func main() {
 
 		if err = (&actionsgithubcom.AutoscalingRunnerSetReconciler{
 			Client:                             mgr.GetClient(),
-			Log:                                log.WithName("AutoscalingRunnerSet"),
+			Log:                                log.WithName("AutoscalingRunnerSet").WithValues("version", build.Version),
 			Scheme:                             mgr.GetScheme(),
 			ControllerNamespace:                managerNamespace,
 			DefaultRunnerScaleSetListenerImage: managerImage,
@@ -270,7 +270,7 @@ func main() {
 
 		if err = (&actionsgithubcom.EphemeralRunnerReconciler{
 			Client:        mgr.GetClient(),
-			Log:           log.WithName("EphemeralRunner"),
+			Log:           log.WithName("EphemeralRunner").WithValues("version", build.Version),
 			Scheme:        mgr.GetScheme(),
 			ActionsClient: actionsMultiClient,
 		}).SetupWithManager(mgr); err != nil {
@@ -280,7 +280,7 @@ func main() {
 
 		if err = (&actionsgithubcom.EphemeralRunnerSetReconciler{
 			Client:         mgr.GetClient(),
-			Log:            log.WithName("EphemeralRunnerSet"),
+			Log:            log.WithName("EphemeralRunnerSet").WithValues("version", build.Version),
 			Scheme:         mgr.GetScheme(),
 			ActionsClient:  actionsMultiClient,
 			PublishMetrics: metricsAddr != "0",
@@ -291,7 +291,7 @@ func main() {
 
 		if err = (&actionsgithubcom.AutoscalingListenerReconciler{
 			Client:                  mgr.GetClient(),
-			Log:                     log.WithName("AutoscalingListener"),
+			Log:                     log.WithName("AutoscalingListener").WithValues("version", build.Version),
 			Scheme:                  mgr.GetScheme(),
 			ListenerMetricsAddr:     listenerMetricsAddr,
 			ListenerMetricsEndpoint: listenerMetricsEndpoint,
@@ -441,7 +441,7 @@ func main() {
 		}
 	}
 
-	log.Info("starting manager")
+	log.Info("starting manager", "version", build.Version)
 	if err := mgr.Start(ctrl.SetupSignalHandler()); err != nil {
 		log.Error(err, "problem running manager")
 		os.Exit(1)
diff --git a/runner/Makefile b/runner/Makefile
index 7e835dfc..26ece35c 100644
--- a/runner/Makefile
+++ b/runner/Makefile
@@ -6,7 +6,7 @@ DIND_ROOTLESS_RUNNER_NAME ?= ${DOCKER_USER}/actions-runner-dind-rootless
 OS_IMAGE ?= ubuntu-22.04
 TARGETPLATFORM ?= $(shell arch)
 
-RUNNER_VERSION ?= 2.316.0
+RUNNER_VERSION ?= 2.316.1
 RUNNER_CONTAINER_HOOKS_VERSION ?= 0.6.0
 DOCKER_VERSION ?= 24.0.7
 
diff --git a/runner/VERSION b/runner/VERSION
index ffba9673..f62551d8 100644
--- a/runner/VERSION
+++ b/runner/VERSION
@@ -1,2 +1,2 @@
-RUNNER_VERSION=2.316.0
+RUNNER_VERSION=2.316.1
 RUNNER_CONTAINER_HOOKS_VERSION=0.6.0
\ No newline at end of file
diff --git a/test/e2e/e2e_test.go b/test/e2e/e2e_test.go
index f0773bf3..12173fa5 100644
--- a/test/e2e/e2e_test.go
+++ b/test/e2e/e2e_test.go
@@ -36,7 +36,7 @@ var (
 
 	testResultCMNamePrefix = "test-result-"
 
-	RunnerVersion               = "2.316.0"
+	RunnerVersion               = "2.316.1"
 	RunnerContainerHooksVersion = "0.6.0"
 )