diff --git a/packages/builder/src/builderStore/componentUtils.js b/packages/builder/src/builderStore/componentUtils.js
index 16b972058e..522dbae416 100644
--- a/packages/builder/src/builderStore/componentUtils.js
+++ b/packages/builder/src/builderStore/componentUtils.js
@@ -5,6 +5,7 @@ import {
   encodeJSBinding,
   findHBSBlocks,
 } from "@budibase/string-templates"
+import { capitalise } from "helpers"
 
 /**
  * Recursively searches for a specific component ID
@@ -235,3 +236,13 @@ export const makeComponentUnique = component => {
   // Recurse on all children
   return JSON.parse(definition)
 }
+
+export const getComponentText = component => {
+  if (component?._instanceName) {
+    return component._instanceName
+  }
+  const type =
+    component._component.replace("@budibase/standard-components/", "") ||
+    "component"
+  return capitalise(type)
+}
diff --git a/packages/builder/src/components/design/Panel.svelte b/packages/builder/src/components/design/Panel.svelte
index 91ea3f98ad..3d5938c174 100644
--- a/packages/builder/src/components/design/Panel.svelte
+++ b/packages/builder/src/components/design/Panel.svelte
@@ -16,6 +16,7 @@
   export let closeButtonIcon = "Close"
 
   $: customHeaderContent = $$slots["panel-header-content"]
+  $: customTitleContent = $$slots["panel-title-content"]
 </script>
 
 <div
@@ -33,7 +34,11 @@
       <Icon name={icon} />
     {/if}
     <div class="title">
-      <Body size="S">{title}</Body>
+      {#if customTitleContent}
+        <slot name="panel-title-content" />
+      {:else}
+        <Body size="S">{title || ""}</Body>
+      {/if}
     </div>
     {#if showAddButton}
       <div class="add-button" on:click={onClickAddButton}>
@@ -134,4 +139,7 @@
   .custom-content-wrap {
     border-bottom: var(--border-light);
   }
+  .title {
+    display: flex;
+  }
 </style>
diff --git a/packages/builder/src/pages/builder/app/[application]/design/[screenId]/[componentId]/_components/Component/ComponentSettingsPanel.svelte b/packages/builder/src/pages/builder/app/[application]/design/[screenId]/[componentId]/_components/Component/ComponentSettingsPanel.svelte
index afcada4138..17eadb99bd 100644
--- a/packages/builder/src/pages/builder/app/[application]/design/[screenId]/[componentId]/_components/Component/ComponentSettingsPanel.svelte
+++ b/packages/builder/src/pages/builder/app/[application]/design/[screenId]/[componentId]/_components/Component/ComponentSettingsPanel.svelte
@@ -1,10 +1,12 @@
 <script>
   import Panel from "components/design/Panel.svelte"
   import { store, selectedComponent, selectedScreen } from "builderStore"
+  import { getComponentText } from "builderStore/componentUtils"
   import ComponentSettingsSection from "./ComponentSettingsSection.svelte"
   import DesignSection from "./DesignSection.svelte"
   import CustomStylesSection from "./CustomStylesSection.svelte"
   import ConditionalUISection from "./ConditionalUISection.svelte"
+  import { notifications } from "@budibase/bbui"
 
   import {
     getBindableProperties,
@@ -13,6 +15,14 @@
   import { ActionButton } from "@budibase/bbui"
   import { capitalise } from "helpers"
 
+  const onUpdateName = async value => {
+    try {
+      await store.actions.components.updateSetting("_instanceName", value)
+    } catch (error) {
+      notifications.error("Error updating component name")
+    }
+  }
+
   $: componentInstance = $selectedComponent
   $: componentDefinition = store.actions.components.getDefinition(
     $selectedComponent?._component
@@ -39,6 +49,22 @@
 {#if $selectedComponent}
   {#key $selectedComponent._id}
     <Panel {title} icon={componentDefinition?.icon} borderLeft wide>
+      <span class="panel-title-content" slot="panel-title-content">
+        <input
+          class="input"
+          value={title}
+          {title}
+          placeholder={getComponentText(componentInstance)}
+          on:keypress={e => {
+            if (e.key.toLowerCase() === "enter") {
+              e.target.blur()
+            }
+          }}
+          on:change={e => {
+            onUpdateName(e.target.value)
+          }}
+        />
+      </span>
       <span slot="panel-header-content">
         <div class="settings-tabs">
           {#each tabs as tab}
@@ -90,4 +116,24 @@
     padding: 0 var(--spacing-l);
     padding-bottom: var(--spacing-l);
   }
+  .input {
+    color: inherit;
+    font-family: inherit;
+    font-size: inherit;
+    background-color: transparent;
+    border: none;
+    flex: 1;
+    overflow: hidden;
+    text-overflow: ellipsis;
+    white-space: nowrap;
+  }
+  .panel-title-content {
+    display: contents;
+  }
+  .input:focus {
+    outline: none;
+  }
+  input::placeholder {
+    color: var(--spectrum-global-color-gray-600);
+  }
 </style>
diff --git a/packages/builder/src/pages/builder/app/[application]/design/[screenId]/[componentId]/_components/Component/ComponentSettingsSection.svelte b/packages/builder/src/pages/builder/app/[application]/design/[screenId]/[componentId]/_components/Component/ComponentSettingsSection.svelte
index 639cef332e..40353bef52 100644
--- a/packages/builder/src/pages/builder/app/[application]/design/[screenId]/[componentId]/_components/Component/ComponentSettingsSection.svelte
+++ b/packages/builder/src/pages/builder/app/[application]/design/[screenId]/[componentId]/_components/Component/ComponentSettingsSection.svelte
@@ -1,6 +1,6 @@
 <script>
   import { helpers } from "@budibase/shared-core"
-  import { Input, DetailSummary, notifications } from "@budibase/bbui"
+  import { DetailSummary, notifications } from "@budibase/bbui"
   import { store } from "builderStore"
   import PropertyControl from "components/design/settings/controls/PropertyControl.svelte"
   import ResetFieldsButton from "components/design/settings/controls/ResetFieldsButton.svelte"
@@ -16,7 +16,6 @@
   export let isScreen = false
   export let onUpdateSetting
   export let showSectionTitle = true
-  export let showInstanceName = true
 
   $: sections = getSections(componentInstance, componentDefinition, isScreen)
 
@@ -140,15 +139,6 @@
         />
       {/if}
       <div class="settings">
-        {#if idx === 0 && !componentInstance._component.endsWith("/layout") && !isScreen && showInstanceName}
-          <PropertyControl
-            control={Input}
-            label="Name"
-            key="_instanceName"
-            value={componentInstance._instanceName}
-            onChange={val => updateSetting({ key: "_instanceName" }, val)}
-          />
-        {/if}
         {#each section.settings as setting (setting.key)}
           {#if setting.visible}
             <PropertyControl
diff --git a/packages/builder/src/pages/builder/app/[application]/design/[screenId]/_components/ComponentList/ComponentTree.svelte b/packages/builder/src/pages/builder/app/[application]/design/[screenId]/_components/ComponentList/ComponentTree.svelte
index 0e23f82946..8adc6cb5d4 100644
--- a/packages/builder/src/pages/builder/app/[application]/design/[screenId]/_components/ComponentList/ComponentTree.svelte
+++ b/packages/builder/src/pages/builder/app/[application]/design/[screenId]/_components/ComponentList/ComponentTree.svelte
@@ -2,14 +2,16 @@
   import { store, userSelectedResourceMap } from "builderStore"
   import ComponentDropdownMenu from "./ComponentDropdownMenu.svelte"
   import NavItem from "components/common/NavItem.svelte"
-  import { capitalise } from "helpers"
   import { notifications } from "@budibase/bbui"
   import {
     selectedComponentPath,
     selectedComponent,
     selectedScreen,
   } from "builderStore"
-  import { findComponentPath } from "builderStore/componentUtils"
+  import {
+    findComponentPath,
+    getComponentText,
+  } from "builderStore/componentUtils"
   import { get } from "svelte/store"
   import { dndStore } from "./dndStore"
 
@@ -35,16 +37,6 @@
     return false
   }
 
-  const getComponentText = component => {
-    if (component._instanceName) {
-      return component._instanceName
-    }
-    const type =
-      component._component.replace("@budibase/standard-components/", "") ||
-      "component"
-    return capitalise(type)
-  }
-
   const getComponentIcon = component => {
     const def = store.actions.components.getDefinition(component?._component)
     return def?.icon
