diff --git a/Cargo.toml b/Cargo.toml
index 77ac8431..4191e473 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,8 +1,8 @@
 [package]
 name = "libloot"
-version = "0.27.0"
-edition = "2024"
-license = "GPL-3.0-or-later"
+version.workspace = true
+edition.workspace = true
+license.workspace = true
 
 [dependencies]
 crc32fast = "1.5.0"
@@ -30,6 +30,11 @@ workspace = true
 [workspace]
 members = ["cpp", "ffi-errors", "nodejs", "parameterized-test", "python"]
 
+[workspace.package]
+version = "0.27.0"
+edition = "2024"
+license = "GPL-3.0-or-later"
+
 [profile.release]
 debug = "limited"
 lto = "thin"
diff --git a/cpp/CMakeLists.txt b/cpp/CMakeLists.txt
index 2b7eae04..c01cf45c 100644
--- a/cpp/CMakeLists.txt
+++ b/cpp/CMakeLists.txt
@@ -5,7 +5,7 @@ endif()
 if(POLICY CMP0167)
     cmake_policy(SET CMP0167 NEW)
 endif()
-project(libloot)
+project(libloot VERSION "0.27.0")
 include(ExternalProject)
 include(FetchContent)
 include(CMakeDependentOption)
@@ -253,11 +253,9 @@ endif()
 add_library(libloot::loot ALIAS loot)
 
 if(LIBLOOT_BUILD_SHARED)
-    set(LIBLOOT_VERSION "0.27.0")
-
-    set_property(TARGET loot PROPERTY VERSION ${LIBLOOT_VERSION})
-    set_property(TARGET loot PROPERTY SOVERSION 0)
-    set_property(TARGET loot PROPERTY INTERFACE_libloot_MAJOR_VERSION 0)
+    set_property(TARGET loot PROPERTY VERSION ${libloot_VERSION})
+    set_property(TARGET loot PROPERTY SOVERSION ${libloot_VERSION_MAJOR})
+    set_property(TARGET loot PROPERTY INTERFACE_libloot_MAJOR_VERSION ${libloot_VERSION_MAJOR})
     set_property(TARGET loot APPEND PROPERTY COMPATIBLE_INTERFACE_STRING libloot_MAJOR_VERSION)
 
     configure_package_config_file(
@@ -268,7 +266,7 @@ if(LIBLOOT_BUILD_SHARED)
 
     write_basic_package_version_file(
         "${PROJECT_BINARY_DIR}/liblootConfigVersion.cmake"
-        VERSION "${LIBLOOT_VERSION}"
+        VERSION "${libloot_VERSION}"
         COMPATIBILITY AnyNewerVersion
     )
 
diff --git a/cpp/Cargo.toml b/cpp/Cargo.toml
index 5da06d04..0dafe19b 100644
--- a/cpp/Cargo.toml
+++ b/cpp/Cargo.toml
@@ -1,8 +1,8 @@
 [package]
 name = "libloot-cpp"
-version = "0.27.0"
-edition = "2024"
-license = "GPL-3.0-or-later"
+version.workspace = true
+edition.workspace = true
+license.workspace = true
 
 [dependencies]
 cxx = { version = "1.0", features = ["c++17"] }
diff --git a/ffi-errors/Cargo.toml b/ffi-errors/Cargo.toml
index e50de3a9..aafac17e 100644
--- a/ffi-errors/Cargo.toml
+++ b/ffi-errors/Cargo.toml
@@ -1,8 +1,8 @@
 [package]
 name = "libloot-ffi-errors"
-version = "0.27.0"
-edition = "2024"
-license = "GPL-3.0-or-later"
+version.workspace = true
+edition.workspace = true
+license.workspace = true
 
 [lints]
 workspace = true
diff --git a/nodejs/Cargo.toml b/nodejs/Cargo.toml
index f537da1a..438c55bb 100644
--- a/nodejs/Cargo.toml
+++ b/nodejs/Cargo.toml
@@ -1,8 +1,8 @@
 [package]
-edition = "2021"
 name = "libloot-nodejs"
-version = "0.27.0"
-license = "GPL-3.0-or-later"
+version.workspace = true
+edition = "2021"
+license.workspace = true
 
 [lib]
 crate-type = ["cdylib"]
diff --git a/parameterized-test/Cargo.toml b/parameterized-test/Cargo.toml
index e4fea0f3..8d639844 100644
--- a/parameterized-test/Cargo.toml
+++ b/parameterized-test/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "parameterized-test"
-version = "0.27.0"
-edition = "2024"
+version.workspace = true
+edition.workspace = true
 license = "MIT"
 
 [dependencies]
diff --git a/python/Cargo.toml b/python/Cargo.toml
index 2625164e..102fffeb 100644
--- a/python/Cargo.toml
+++ b/python/Cargo.toml
@@ -1,8 +1,8 @@
 [package]
 name = "libloot-python"
-version = "0.27.0"
-edition = "2024"
-license = "GPL-3.0-or-later"
+version.workspace = true
+edition.workspace = true
+license.workspace = true
 
 # See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
 [lib]
diff --git a/scripts/set_version_number.py b/scripts/set_version_number.py
index eb15e788..0bd57bb8 100644
--- a/scripts/set_version_number.py
+++ b/scripts/set_version_number.py
@@ -31,11 +31,7 @@ def update_resource_file(path, version):
     replace_in_file(path, 'Version", "\\d+\\.\\d+\\.\\d+"', 'Version", "{}"'.format(version))
 
 def update_cmakelists(path, version):
-    version_parts = version.split('.')
-
-    replace_in_file(path, 'set\\(LIBLOOT_VERSION "\\d+\\.\\d+\\.\\d+"\\)', 'set(LIBLOOT_VERSION "{}")'.format(version))
-    replace_in_file(path, 'TARGET loot PROPERTY SOVERSION \\d+', 'TARGET loot PROPERTY SOVERSION {}'.format(version_parts[0]))
-    replace_in_file(path, 'INTERFACE_libloot_MAJOR_VERSION \\d+', 'INTERFACE_libloot_MAJOR_VERSION {}'.format(version_parts[0]))
+    replace_in_file(path, 'project\\(libloot VERSION "\\d+\\.\\d+\\.\\d+"\\)', 'project(libloot VERSION "{}")'.format(version))
 
 def update_cargo_toml(path, version):
     replace_in_file(path, '^version = "\\d+\\.\\d+\\.\\d+"$', 'version = "{}"'.format(version))
@@ -60,14 +56,9 @@ if __name__ == "__main__":
     update_cmakelists(os.path.join('cpp', 'CMakeLists.txt'), arguments.version[0])
 
     update_cargo_toml('Cargo.toml', arguments.version[0])
-    update_cargo_toml(os.path.join('cpp', 'Cargo.toml'), arguments.version[0])
-    update_cargo_toml(os.path.join('ffi-errors', 'Cargo.toml'), arguments.version[0])
-    update_cargo_toml(os.path.join('nodejs', 'Cargo.toml'), arguments.version[0])
-    update_cargo_toml(os.path.join('parameterized-test', 'Cargo.toml'), arguments.version[0])
-    update_cargo_toml(os.path.join('python', 'Cargo.toml'), arguments.version[0])
 
     # update_cargo_toml also works for pyproject.toml
-    update_cargo_toml(os.path.join('cpp', 'docs', 'pyproject.toml'), arguments.version[0])
+    update_cargo_toml(os.path.join('docs', 'pyproject.toml'), arguments.version[0])
 
     update_package_json(os.path.join('nodejs', 'package.json'), arguments.version[0])
     update_package_json(os.path.join('nodejs', 'npm', 'linux-x64-gnu', 'package.json'), arguments.version[0])