diff --git a/Makefile b/Makefile
index f21111ea6b..04aaea52cb 100644
--- a/Makefile
+++ b/Makefile
@@ -78,7 +78,7 @@ export SUBPACKAGES := $(SUBPACKAGES)
 # Setup Kubernetes tools
 
 KIND_VERSION = v0.23.0
-UP_VERSION = v0.30.0
+UP_VERSION = v0.31.0
 UP_CHANNEL = stable
 UPTEST_VERSION = v0.11.1
 KUSTOMIZE_VERSION = v5.3.0