diff --git a/Makefile b/Makefile
index 617aa80a70..9fbdaeae0e 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
 UPTEST_LOCAL_VERSION = v0.12.0-9.gac371c9