diff --git a/Cargo.lock b/Cargo.lock
index c3ee635c37897..f5779727fc056 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -8882,7 +8882,7 @@ dependencies = [
 
 [[package]]
 name = "substrate-wasm-builder-runner"
-version = "1.0.6"
+version = "2.0.0"
 
 [[package]]
 name = "subtle"
diff --git a/bin/node-template/runtime/Cargo.toml b/bin/node-template/runtime/Cargo.toml
index 393578f8d295d..ed5a114b813f8 100644
--- a/bin/node-template/runtime/Cargo.toml
+++ b/bin/node-template/runtime/Cargo.toml
@@ -48,7 +48,7 @@ hex-literal = { version = "0.3.1", optional = true }
 template = { version = "2.0.0", default-features = false, path = "../pallets/template", package = "pallet-template" }
 
 [build-dependencies]
-wasm-builder-runner = { version = "1.0.5", package = "substrate-wasm-builder-runner", path = "../../../utils/wasm-builder-runner" }
+wasm-builder-runner = { version = "2.0.0", package = "substrate-wasm-builder-runner", path = "../../../utils/wasm-builder-runner" }
 
 [features]
 default = ["std"]
diff --git a/bin/node/runtime/Cargo.toml b/bin/node/runtime/Cargo.toml
index 47a26c92493d1..6142998ac063c 100644
--- a/bin/node/runtime/Cargo.toml
+++ b/bin/node/runtime/Cargo.toml
@@ -81,7 +81,7 @@ pallet-transaction-payment-rpc-runtime-api = { version = "2.0.0", default-featur
 pallet-vesting = { version = "2.0.0", default-features = false, path = "../../../frame/vesting" }
 
 [build-dependencies]
-wasm-builder-runner = { version = "1.0.5", package = "substrate-wasm-builder-runner", path = "../../../utils/wasm-builder-runner" }
+wasm-builder-runner = { version = "2.0.0", package = "substrate-wasm-builder-runner", path = "../../../utils/wasm-builder-runner" }
 
 [dev-dependencies]
 sp-io = { version = "2.0.0", path = "../../../primitives/io" }
diff --git a/client/executor/runtime-test/Cargo.toml b/client/executor/runtime-test/Cargo.toml
index 4bd90176f5ecd..444b69f84496c 100644
--- a/client/executor/runtime-test/Cargo.toml
+++ b/client/executor/runtime-test/Cargo.toml
@@ -21,7 +21,7 @@ sp-runtime = { version = "2.0.0", default-features = false, path = "../../../pri
 sp-allocator = { version = "2.0.0", default-features = false, path = "../../../primitives/allocator" }
 
 [build-dependencies]
-wasm-builder-runner = { version = "1.0.5", package = "substrate-wasm-builder-runner", path = "../../../utils/wasm-builder-runner" }
+wasm-builder-runner = { version = "2.0.0", package = "substrate-wasm-builder-runner", path = "../../../utils/wasm-builder-runner" }
 
 [features]
 default = [ "std" ]
diff --git a/primitives/runtime-interface/test-wasm-deprecated/Cargo.toml b/primitives/runtime-interface/test-wasm-deprecated/Cargo.toml
index 7e31fb8ad2b80..59790eb172eb3 100644
--- a/primitives/runtime-interface/test-wasm-deprecated/Cargo.toml
+++ b/primitives/runtime-interface/test-wasm-deprecated/Cargo.toml
@@ -19,7 +19,7 @@ sp-io = { version = "2.0.0", default-features = false, path = "../../io" }
 sp-core = { version = "2.0.0", default-features = false, path = "../../core" }
 
 [build-dependencies]
-wasm-builder-runner = { version = "1.0.5", package = "substrate-wasm-builder-runner", path = "../../../utils/wasm-builder-runner" }
+wasm-builder-runner = { version = "2.0.0", package = "substrate-wasm-builder-runner", path = "../../../utils/wasm-builder-runner" }
 
 [features]
 default = [ "std" ]
diff --git a/primitives/runtime-interface/test-wasm/Cargo.toml b/primitives/runtime-interface/test-wasm/Cargo.toml
index 99cea1849e1b9..39c8df976a5ba 100644
--- a/primitives/runtime-interface/test-wasm/Cargo.toml
+++ b/primitives/runtime-interface/test-wasm/Cargo.toml
@@ -19,7 +19,7 @@ sp-io = { version = "2.0.0", default-features = false, path = "../../io" }
 sp-core = { version = "2.0.0", default-features = false, path = "../../core" }
 
 [build-dependencies]
-wasm-builder-runner = { version = "1.0.5", package = "substrate-wasm-builder-runner", path = "../../../utils/wasm-builder-runner" }
+wasm-builder-runner = { version = "2.0.0", package = "substrate-wasm-builder-runner", path = "../../../utils/wasm-builder-runner" }
 
 [features]
 default = [ "std" ]
diff --git a/test-utils/runtime/Cargo.toml b/test-utils/runtime/Cargo.toml
index 4e388861f1bab..cb6147adf25c6 100644
--- a/test-utils/runtime/Cargo.toml
+++ b/test-utils/runtime/Cargo.toml
@@ -56,7 +56,7 @@ sc-executor = { version = "0.8.0", path = "../../client/executor" }
 substrate-test-runtime-client = { version = "2.0.0", path = "./client" }
 
 [build-dependencies]
-wasm-builder-runner = { version = "1.0.5", package = "substrate-wasm-builder-runner", path = "../../utils/wasm-builder-runner" }
+wasm-builder-runner = { version = "2.0.0", package = "substrate-wasm-builder-runner", path = "../../utils/wasm-builder-runner" }
 
 [features]
 default = [
diff --git a/utils/wasm-builder-runner/Cargo.toml b/utils/wasm-builder-runner/Cargo.toml
index 346807d2e97f4..2c54a5ec3a4d6 100644
--- a/utils/wasm-builder-runner/Cargo.toml
+++ b/utils/wasm-builder-runner/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "substrate-wasm-builder-runner"
-version = "1.0.6"
+version = "2.0.0"
 authors = ["Parity Technologies <admin@parity.io>"]
 description = "Runner for substrate-wasm-builder"
 edition = "2018"
diff --git a/utils/wasm-builder-runner/src/lib.rs b/utils/wasm-builder-runner/src/lib.rs
index 410af87546a4c..04e06495c69b4 100644
--- a/utils/wasm-builder-runner/src/lib.rs
+++ b/utils/wasm-builder-runner/src/lib.rs
@@ -230,16 +230,19 @@ impl WasmBuilder {
 
 	/// Build the WASM binary.
 	pub fn build(self) {
+		let out_dir = PathBuf::from(env::var("OUT_DIR").expect("`OUT_DIR` is set by cargo!"));
+		let file_path = out_dir.join(self.file_name.unwrap_or_else(|| "wasm_binary.rs".into()));
+
 		if check_skip_build() {
 			// If we skip the build, we still want to make sure to be called when an env variable
 			// changes
 			generate_rerun_if_changed_instructions();
+
+			provide_dummy_wasm_binary(&file_path, true);
+
 			return;
 		}
 
-		let out_dir = PathBuf::from(env::var("OUT_DIR").expect("`OUT_DIR` is set by cargo!"));
-		let file_path = out_dir.join(self.file_name.unwrap_or_else(|| "wasm_binary.rs".into()));
-
 		// Hash the path to the project cargo toml.
 		let mut hasher = DefaultHasher::new();
 		self.project_cargo_toml.hash(&mut hasher);
@@ -252,7 +255,7 @@ impl WasmBuilder {
 			.join(format!("{}{}", project_name, hasher.finish()));
 
 		if check_provide_dummy_wasm_binary() {
-			provide_dummy_wasm_binary(&file_path);
+			provide_dummy_wasm_binary(&file_path, false);
 		} else {
 			create_project(
 				&project_folder,
@@ -381,7 +384,7 @@ fn create_project(
 	fs::create_dir_all(project_folder.join("src"))
 		.expect("WASM build runner dir create can not fail; qed");
 
-	fs::write(
+	write_file_if_changed(
 		project_folder.join("Cargo.toml"),
 		format!(
 			r#"
@@ -396,10 +399,10 @@ fn create_project(
 				[workspace]
 			"#,
 			wasm_builder_source = wasm_builder_source.to_cargo_source(&get_manifest_dir()),
-		)
-	).expect("WASM build runner `Cargo.toml` writing can not fail; qed");
+		),
+	);
 
-	fs::write(
+	write_file_if_changed(
 		project_folder.join("src/main.rs"),
 		format!(
 			r#"
@@ -418,8 +421,8 @@ fn create_project(
 			file_path = replace_back_slashes(file_path.display()),
 			cargo_toml_path = replace_back_slashes(cargo_toml_path.display()),
 			default_rustflags = default_rustflags,
-		)
-	).expect("WASM build runner `main.rs` writing can not fail; qed");
+		),
+	);
 }
 
 fn run_project(project_folder: &Path) {
@@ -465,11 +468,16 @@ fn check_provide_dummy_wasm_binary() -> bool {
 }
 
 /// Provide the dummy WASM binary
-fn provide_dummy_wasm_binary(file_path: &Path) {
-	fs::write(
-		file_path,
-		"pub const WASM_BINARY: Option<&[u8]> = None; pub const WASM_BINARY_BLOATY: Option<&[u8]> = None;",
-	).expect("Writing dummy WASM binary should not fail");
+///
+/// If `skip_build` is `true`, it will only generate the wasm binary if it doesn't exist.
+fn provide_dummy_wasm_binary(file_path: &Path, skip_build: bool) {
+	if !skip_build || !file_path.exists() {
+		write_file_if_changed(
+			file_path.into(),
+			"pub const WASM_BINARY: Option<&[u8]> = None;\
+			 pub const WASM_BINARY_BLOATY: Option<&[u8]> = None;".into(),
+		);
+	}
 }
 
 /// Generate the `rerun-if-changed` instructions for cargo to make sure that the WASM binary is
@@ -481,3 +489,10 @@ fn generate_rerun_if_changed_instructions() {
 	println!("cargo:rerun-if-env-changed={}", FORCE_WASM_BUILD_ENV);
 	println!("cargo:rerun-if-env-changed={}", generate_crate_skip_build_env_name());
 }
+
+/// Write to the given `file` if the `content` is different.
+fn write_file_if_changed(file: PathBuf, content: String) {
+	if fs::read_to_string(&file).ok().as_ref() != Some(&content) {
+		fs::write(&file, content).unwrap_or_else(|_| panic!("Writing `{}` can not fail!", file.display()));
+	}
+}