diff --git a/vizro-ai/changelog.d/20231206_212921_antony.milne_pydantic_v2.md b/vizro-ai/changelog.d/20231206_212921_antony.milne_pydantic_v2.md
new file mode 100644
index 000000000..f1f65e73c
--- /dev/null
+++ b/vizro-ai/changelog.d/20231206_212921_antony.milne_pydantic_v2.md
@@ -0,0 +1,48 @@
+<!--
+A new scriv changelog fragment.
+
+Uncomment the section that is right (remove the HTML comment wrapper).
+-->
+
+<!--
+### Highlights ✨
+
+- A bullet item for the Highlights ✨ category with a link to the relevant PR at the end of your entry, e.g. Enable feature XXX ([#1](https://github.com/mckinsey/vizro/pull/1))
+
+-->
+<!--
+### Removed
+
+- A bullet item for the Removed category with a link to the relevant PR at the end of your entry, e.g. Enable feature XXX ([#1](https://github.com/mckinsey/vizro/pull/1))
+
+-->
+<!--
+### Added
+
+- A bullet item for the Added category with a link to the relevant PR at the end of your entry, e.g. Enable feature XXX ([#1](https://github.com/mckinsey/vizro/pull/1))
+
+-->
+<!--
+### Changed
+
+- A bullet item for the Changed category with a link to the relevant PR at the end of your entry, e.g. Enable feature XXX ([#1](https://github.com/mckinsey/vizro/pull/1))
+
+-->
+<!--
+### Deprecated
+
+- A bullet item for the Deprecated category with a link to the relevant PR at the end of your entry, e.g. Enable feature XXX ([#1](https://github.com/mckinsey/vizro/pull/1))
+
+-->
+<!--
+### Fixed
+
+- A bullet item for the Fixed category with a link to the relevant PR at the end of your entry, e.g. Enable feature XXX ([#1](https://github.com/mckinsey/vizro/pull/1))
+
+-->
+<!--
+### Security
+
+- A bullet item for the Security category with a link to the relevant PR at the end of your entry, e.g. Enable feature XXX ([#1](https://github.com/mckinsey/vizro/pull/1))
+
+-->
diff --git a/vizro-ai/hatch.toml b/vizro-ai/hatch.toml
index 276429a42..d04a70dde 100644
--- a/vizro-ai/hatch.toml
+++ b/vizro-ai/hatch.toml
@@ -8,9 +8,6 @@ dependencies = ["scriv"]
 detached = true
 scripts = {add = "scriv create --add", collect = ["scriv collect --add", "- hatch run lint:lint --files=CHANGELOG.md"]}
 
-[envs.lower-bounds]
-extra-dependencies = ["pydantic==1.10.13"]
-
 [envs.default]
 dependencies = [
   "devtools[pygments]",
@@ -61,5 +58,8 @@ dependencies = [
 detached = true
 scripts = {lint = "SKIP=gitleaks pre-commit run {args:--all-files}"}
 
+[envs.lower-bounds]
+extra-dependencies = ["pydantic==1.10.13"]
+
 [version]
 path = "src/vizro_ai/__init__.py"
diff --git a/vizro-core/hatch.toml b/vizro-core/hatch.toml
index 73c6c9f45..0ab203a2e 100644
--- a/vizro-core/hatch.toml
+++ b/vizro-core/hatch.toml
@@ -8,9 +8,6 @@ matrix.python.features = [
   {value = "kedro", if = ["3.8", "3.9", "3.10"]}
 ]
 
-[envs.lower-bounds]
-extra-dependencies = ["pydantic==1.10.13"]
-
 [envs.changelog]
 dependencies = ["scriv"]
 detached = true
@@ -76,6 +73,9 @@ dependencies = [
 detached = true
 scripts = {lint = "SKIP=gitleaks pre-commit run {args:--all-files}"}
 
+[envs.lower-bounds]
+extra-dependencies = ["pydantic==1.10.13"]
+
 [publish.index]
 disable = true