diff --git a/Makefile b/Makefile
index 5e02508ab9..7a4529e06d 100644
--- a/Makefile
+++ b/Makefile
@@ -77,7 +77,7 @@ export SUBPACKAGES := $(SUBPACKAGES)
 # Setup Kubernetes tools
 
 KIND_VERSION = v0.22.0
-UP_VERSION = v0.28.0
+UP_VERSION = v0.29.0
 UP_CHANNEL = stable
 UPTEST_VERSION = v0.11.1
 KUSTOMIZE_VERSION = v5.3.0