diff --git a/initializr/src/main/resources/templates/starter-build.gradle b/initializr/src/main/resources/templates/starter-build.gradle
index 80ed746f..41a4ee5f 100644
--- a/initializr/src/main/resources/templates/starter-build.gradle
+++ b/initializr/src/main/resources/templates/starter-build.gradle
@@ -9,7 +9,7 @@ buildscript {
     }
     dependencies {
         classpath("org.springframework.boot:spring-boot-gradle-plugin:\${springBootVersion}") <% if (!bootOneThreeAvailable) { %>
-        classpath("io.spring.gradle:dependency-management-plugin:0.4.1.RELEASE")<% } %>
+        classpath("io.spring.gradle:dependency-management-plugin:0.5.0.RELEASE")<% } %>
     }
 }
 
diff --git a/initializr/src/test/groovy/io/spring/initializr/generator/ProjectGeneratorTests.groovy b/initializr/src/test/groovy/io/spring/initializr/generator/ProjectGeneratorTests.groovy
index 98ff14e3..e722d533 100644
--- a/initializr/src/test/groovy/io/spring/initializr/generator/ProjectGeneratorTests.groovy
+++ b/initializr/src/test/groovy/io/spring/initializr/generator/ProjectGeneratorTests.groovy
@@ -308,7 +308,7 @@ class ProjectGeneratorTests {
 		request.bootVersion = '1.2.3.RELEASE'
 		generateGradleBuild(request)
 				.contains("springBootVersion = '1.2.3.RELEASE'")
-				.contains('classpath("io.spring.gradle:dependency-management-plugin:0.4.1.RELEASE")')
+				.contains('classpath("io.spring.gradle:dependency-management-plugin:0.5.0.RELEASE")')
 				.contains("apply plugin: 'spring-boot'")
 				.contains("apply plugin: 'io.spring.dependency-management'")
 				.doesNotContain("apply plugin: 'org.springframework.boot.spring-boot'")
@@ -321,7 +321,7 @@ class ProjectGeneratorTests {
 		generateGradleBuild(request)
 				.contains("springBootVersion = '1.3.0.BUILD-SNAPSHOT'")
 				.contains("apply plugin: 'org.springframework.boot.spring-boot'")
-				.doesNotContain('classpath("io.spring.gradle:dependency-management-plugin:0.4.1.RELEASE")')
+				.doesNotContain('classpath("io.spring.gradle:dependency-management-plugin:0.5.0.RELEASE")')
 				.doesNotContain("apply plugin: 'spring-boot'")
 				.doesNotContain("apply plugin: 'io.spring.dependency-management'")
 	}