diff --git a/packages/gatsby/src/generators/init/init.ts b/packages/gatsby/src/generators/init/init.ts
index 437dc3be7b..09dfdc52e1 100644
--- a/packages/gatsby/src/generators/init/init.ts
+++ b/packages/gatsby/src/generators/init/init.ts
@@ -28,6 +28,7 @@ import {
   propTypesVersion,
   reactHelmetVersion,
   testingLibraryReactVersion,
+  webpackVersion,
 } from '../../utils/versions';
 
 import { InitSchema } from './schema';
@@ -60,7 +61,7 @@ function updateDependencies(host: Tree) {
       'react-helmet': reactHelmetVersion,
       'gatsby-plugin-typescript': gatsbyPluginTypescriptVersion,
       ...(isPnpm ? { 'gatsby-plugin-pnpm': gatsbyPluginPnpm } : {}),
-      webpack: '~5.39.1',
+      webpack: webpackVersion,
     },
     {
       '@nrwl/gatsby': nxVersion,
diff --git a/packages/gatsby/src/utils/versions.ts b/packages/gatsby/src/utils/versions.ts
index 726e013e15..c50ac29d9b 100644
--- a/packages/gatsby/src/utils/versions.ts
+++ b/packages/gatsby/src/utils/versions.ts
@@ -1,25 +1,26 @@
 export const nxVersion = '*';
 
-export const gatsbyVersion = '3.10.0';
-export const gatsbyImageVersion = '3.10.0';
-export const gatsbyPluginManifestVersion = '3.10.0';
-export const gatsbyPluginOfflineVersion = '4.10.0';
-export const gatsbyPluginReactHelmetVersion = '4.10.0';
-export const gatsbyPluginSharpVersion = '3.10.0';
-export const gatsbyPluginStyledJsx = '4.10.0';
-export const gatsbySourceFilesystemVersion = '3.10.0';
-export const gatsbyTransformerSharpVersion = '3.10.0';
+export const gatsbyVersion = '3.14.0';
+export const gatsbyImageVersion = '3.11.0';
+export const gatsbyPluginManifestVersion = '3.14.0';
+export const gatsbyPluginOfflineVersion = '4.14.0';
+export const gatsbyPluginReactHelmetVersion = '4.14.0';
+export const gatsbyPluginSharpVersion = '3.14.0';
+export const gatsbyPluginStyledJsx = '4.14.0';
+export const gatsbySourceFilesystemVersion = '3.14.0';
+export const gatsbyTransformerSharpVersion = '3.14.0';
 export const propTypesVersion = '15.7.2';
 export const reactHelmetVersion = '6.1.0';
-export const gatsbyPluginTypescriptVersion = '3.10.0';
+export const gatsbyPluginTypescriptVersion = '3.14.0';
 export const babelPluginModuleResolverVersion = '4.0.0';
 export const babelPresetGatsbyVersion = '0.12.1';
-export const testingLibraryReactVersion = '12.0.0';
-export const gatsbyPluginEmotionVersion = '6.10.0';
-export const gatsbyPluginStyledComponentsVersion = '4.10.0';
-export const gatsbyPluginSassVersion = '4.10.0';
-export const gatsbyPluginLessVersion = '5.10.0';
-export const gatsbyPluginStylusVersion = '3.10.0';
-export const sassVersion = '1.35.2';
+export const testingLibraryReactVersion = '12.1.0';
+export const gatsbyPluginEmotionVersion = '6.14.0';
+export const gatsbyPluginStyledComponentsVersion = '4.14.0';
+export const gatsbyPluginSassVersion = '4.14.0';
+export const gatsbyPluginLessVersion = '5.14.0';
+export const gatsbyPluginStylusVersion = '3.14.0';
+export const sassVersion = '1.41.1';
 export const gatsbyPluginSvgrVersion = '3.0.0-beta.0';
-export const gatsbyPluginPnpm = '1.2.6';
+export const gatsbyPluginPnpm = '1.2.8';
+export const webpackVersion = '~5.53.0';