diff --git a/pyproject.toml b/pyproject.toml
index 7971446d5f..ba356a7e7d 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -3,6 +3,50 @@
 # Minimum requirements for the build system to execute.
 requires = ["setuptools>=65.5.1", "wheel"]  # PEP 518 specifications.
 
+[project]
+name = "kedro"
+authors = [
+    {name = "Kedro"}
+]
+description = "Kedro helps you build production-ready data and analytics pipelines"
+requires-python = ">=3.7, <3.11"
+keywords = [
+    "pipelines",
+    "machine learning",
+    "data pipelines",
+    "data science",
+    "data engineering",
+]
+license = {text = "Apache Software License (Apache 2.0)"}
+classifiers = [
+    "Development Status :: 4 - Beta",
+    "Programming Language :: Python :: 3.7",
+    "Programming Language :: Python :: 3.8",
+    "Programming Language :: Python :: 3.9",
+    "Programming Language :: Python :: 3.10",
+]
+dynamic = ["readme", "version", "dependencies", "optional-dependencies"]
+
+[project.urls]
+Homepage = "https://kedro.org"
+Source = "https://github.com/kedro-org/kedro"
+Documentation = "https://docs.kedro.org"
+Tracker = "https://github.com/kedro-org/kedro/issues"
+
+[project.scripts]
+kedro = "kedro.framework.cli:main"
+
+[tool.setuptools]
+zip-safe = false
+
+[tool.setuptools.packages.find]
+include = ["kedro*"]
+
+[tool.setuptools.dynamic]
+readme = {file = "README.md", content-type = "text/markdown"}
+version = {attr = "kedro.__version__"}
+dependencies = {file = "dependency/requirements.txt"}
+
 [tool.black]
 exclude = "/templates/|^features/steps/test_starter"
 
diff --git a/setup.py b/setup.py
index 88ad5ca6bc..274ffa2a3a 100644
--- a/setup.py
+++ b/setup.py
@@ -1,10 +1,9 @@
-import re
 from codecs import open
 from glob import glob
 from itertools import chain
 from os import path
 
-from setuptools import find_packages, setup
+from setuptools import setup
 
 name = "kedro"
 here = path.abspath(path.dirname(__file__))
@@ -15,23 +14,10 @@
 HDFS = "hdfs>=2.5.8, <3.0"
 S3FS = "s3fs>=0.3.0, <0.5"
 
-# get package version
-with open(path.join(here, name, "__init__.py"), encoding="utf-8") as f:
-    result = re.search(r'__version__ = ["\']([^"\']+)', f.read())
-
-    if not result:
-        raise ValueError("Can't find the version in kedro/__init__.py")
-
-    version = result.group(1)
-
 # get the dependencies and installs
 with open("dependency/requirements.txt", encoding="utf-8") as f:
     requires = [x.strip() for x in f if x.strip()]
 
-# Get the long description from the README file
-with open(path.join(here, "README.md"), encoding="utf-8") as f:
-    readme = f.read()
-
 template_files = []
 for pattern in ["**/*", "**/.*", "**/.*/**", "**/.*/.**"]:
     template_files.extend(
@@ -159,30 +145,8 @@ def _collect_requirements(requires):
 extras_require["all"] = _collect_requirements(extras_require)
 
 setup(
-    name=name,
-    version=version,
-    description="Kedro helps you build production-ready data and analytics pipelines",
-    license="Apache Software License (Apache 2.0)",
-    long_description=readme,
-    long_description_content_type="text/markdown",
-    url="https://github.com/kedro-org/kedro",
-    python_requires=">=3.7, <3.11",
-    packages=find_packages(exclude=["docs*", "tests*", "tools*", "features*"]),
-    include_package_data=True,
-    install_requires=requires,
-    author="Kedro",
-    entry_points={"console_scripts": ["kedro = kedro.framework.cli:main"]},
     package_data={
         name: ["py.typed", "test_requirements.txt"] + template_files
     },
-    zip_safe=False,
-    keywords="pipelines, machine learning, data pipelines, data science, data engineering",
-    classifiers=[
-        "Development Status :: 4 - Beta",
-        "Programming Language :: Python :: 3.7",
-        "Programming Language :: Python :: 3.8",
-        "Programming Language :: Python :: 3.9",
-        "Programming Language :: Python :: 3.10",
-    ],
     extras_require=extras_require,
 )