diff --git a/packages/builder/src/pages/builder/app/[application]/design/[screenId]/[componentId]/new/_components/componentStructure.json b/packages/builder/src/pages/builder/app/[application]/design/[screenId]/[componentId]/new/_components/componentStructure.json
index bc1c541319..3ae318b281 100644
--- a/packages/builder/src/pages/builder/app/[application]/design/[screenId]/[componentId]/new/_components/componentStructure.json
+++ b/packages/builder/src/pages/builder/app/[application]/design/[screenId]/[componentId]/new/_components/componentStructure.json
@@ -45,7 +45,6 @@
       "link",
       "icon",
       "embed",
-      "markdownviewer",
       "backgroundimage",
       "embeddedmap"
     ]
diff --git a/packages/client/manifest.json b/packages/client/manifest.json
index 16d1109875..989b2e8130 100644
--- a/packages/client/manifest.json
+++ b/packages/client/manifest.json
@@ -6980,6 +6980,7 @@
     ]
   },
   "markdownviewer": {
+    "deprecated": true,
     "name": "Markdown Viewer",
     "icon": "Preview",
     "styles": ["size"],
@@ -8057,6 +8058,7 @@
     }
   },
   "textv2": {
+    "new": true,
     "name": "Text",
     "description": "A component for displaying text",
     "icon": "Text",
diff --git a/packages/client/src/components/app/MarkdownViewer.svelte b/packages/client/src/components/app/deprecated/MarkdownViewer.svelte
similarity index 89%
rename from packages/client/src/components/app/MarkdownViewer.svelte
rename to packages/client/src/components/app/deprecated/MarkdownViewer.svelte
index 23866e20e9..d19e3341a2 100644
--- a/packages/client/src/components/app/MarkdownViewer.svelte
+++ b/packages/client/src/components/app/deprecated/MarkdownViewer.svelte
@@ -1,7 +1,7 @@
 <script>
   import { MarkdownViewer } from "@budibase/bbui"
   import { getContext } from "svelte"
-  import Placeholder from "./Placeholder.svelte"
+  import Placeholder from "../Placeholder.svelte"
 
   export let value
 
diff --git a/packages/client/src/components/app/index.js b/packages/client/src/components/app/index.js
index ac8c9a964d..b96759221e 100644
--- a/packages/client/src/components/app/index.js
+++ b/packages/client/src/components/app/index.js
@@ -30,7 +30,6 @@ export { default as daterangepicker } from "./DateRangePicker.svelte"
 export { default as cardstat } from "./CardStat.svelte"
 export { default as spectrumcard } from "./SpectrumCard.svelte"
 export { default as tag } from "./Tag.svelte"
-export { default as markdownviewer } from "./MarkdownViewer.svelte"
 export { default as embeddedmap } from "./embedded-map/EmbeddedMap.svelte"
 export { default as sidepanel } from "./SidePanel.svelte"
 export { default as modal } from "./Modal.svelte"
@@ -54,3 +53,4 @@ export { default as card } from "./deprecated/Card.svelte"
 export { default as section } from "./deprecated/Section.svelte"
 export { default as text } from "./deprecated/Text.svelte"
 export { default as heading } from "./deprecated/Heading.svelte"
+export { default as markdownviewer } from "./deprecated/MarkdownViewer.svelte"