diff --git a/schemas/applications/CHANGELOG.md b/schemas/applications/CHANGELOG.md
index 19eac3a1..23844990 100644
--- a/schemas/applications/CHANGELOG.md
+++ b/schemas/applications/CHANGELOG.md
@@ -23,6 +23,7 @@ Release Versions:
 ## Upcoming changes
 
 - feat: add hardware plugin (#454)
+- feat: add support for parameter files in components and controllers (#463)
 
 ## 2-1-0
 
diff --git a/schemas/applications/schema/application.schema.json b/schemas/applications/schema/application.schema.json
index dc9858bb..4fc3c60b 100644
--- a/schemas/applications/schema/application.schema.json
+++ b/schemas/applications/schema/application.schema.json
@@ -149,6 +149,9 @@
     "parameters": {
       "$ref": "common/parameters.schema.json"
     },
+    "parameters_file": {
+      "$ref": "common/parameters_file.schema.json"
+    },
     "signals": {
       "$ref": "common/signals.schema.json"
     },
diff --git a/schemas/applications/schema/common/parameters_file.schema.json b/schemas/applications/schema/common/parameters_file.schema.json
new file mode 100644
index 00000000..f4f017eb
--- /dev/null
+++ b/schemas/applications/schema/common/parameters_file.schema.json
@@ -0,0 +1,7 @@
+{
+  "$schema": "https://json-schema.org/draft/2020-12/schema",
+  "title": "Parameters File",
+  "description": "A path to a YAML or JSON parameters file that is used to set parameter values on load. This is evaluated before any values in the `parameters` property are applied.",
+  "type": "string",
+  "pattern": "^(file:\/\/\/|(data|package):\/\/)[a-zA-Z0-9_]+(\/?[a-zA-Z0-9_-]+)*(.yaml|.json)$"
+}
\ No newline at end of file
diff --git a/schemas/applications/schema/components.schema.json b/schemas/applications/schema/components.schema.json
index c9736419..1b50a42c 100644
--- a/schemas/applications/schema/components.schema.json
+++ b/schemas/applications/schema/components.schema.json
@@ -57,6 +57,9 @@
         "parameters": {
           "$ref": "common/parameters.schema.json"
         },
+        "parameters_file": {
+          "$ref": "common/parameters_file.schema.json"
+        },
         "inputs": {
           "$ref": "common/signals.schema.json"
         },
diff --git a/schemas/applications/schema/hardware.schema.json b/schemas/applications/schema/hardware.schema.json
index a164a836..d1af9f06 100644
--- a/schemas/applications/schema/hardware.schema.json
+++ b/schemas/applications/schema/hardware.schema.json
@@ -155,6 +155,9 @@
                 "parameters": {
                   "$ref": "common/parameters.schema.json"
                 },
+                "parameters_file": {
+                  "$ref": "common/parameters_file.schema.json"
+                },
                 "inputs": {
                   "$ref": "common/signals.schema.json"
                 },