diff --git a/.github/workflows/bump_internal_release.yml b/.github/workflows/bump_internal_release.yml
index 3d5d15623b..e97e92b0f4 100644
--- a/.github/workflows/bump_internal_release.yml
+++ b/.github/workflows/bump_internal_release.yml
@@ -31,6 +31,24 @@ jobs:
         with:
           submodules: recursive
 
+      - name: Set cache key hash
+        run: |
+          has_only_tags=$(jq '[ .pins[].state | has("version") ] | all' DuckDuckGo.xcodeproj/project.xcworkspace/xcshareddata/swiftpm/Package.resolved)
+          if [[ "$has_only_tags" == "true" ]]; then
+            echo "cache_key_hash=${{ hashFiles('DuckDuckGo.xcodeproj/project.xcworkspace/xcshareddata/swiftpm/Package.resolved') }}" >> $GITHUB_ENV
+          else
+            echo "Package.resolved contains dependencies specified by branch or commit, skipping cache."
+          fi
+
+      - name: Cache SPM
+        if: env.cache_key_hash
+        uses: actions/cache@v3
+        with:
+          path: DerivedData/SourcePackages
+          key: ${{ runner.os }}-spm-Non-Sandbox-${{ env.cache_key_hash }}
+          restore-keys: |
+            ${{ runner.os }}-spm-Non-Sandbox
+
       - name: Select Xcode
         run: sudo xcode-select -s /Applications/Xcode_$(<.xcode-version).app/Contents/Developer
 
@@ -51,7 +69,8 @@ jobs:
           git config --global user.email "dax@duckduckgo.com"
           bundle exec fastlane bump_internal_release
 
-      - name: Prepare new release
-        uses: ./.github/workflows/release.yml
-        with:
-          asana-task-url: ${{ github.event.inputs.asana-task-url }}
+  prepare_release:
+    needs: increment_build_number
+    uses: ./.github/workflows/release.yml
+    with:
+      asana-task-url: ${{ github.event.inputs.asana-task-url }}