diff --git a/Makefile b/Makefile
index 71e271a477..122d02d7b4 100644
--- a/Makefile
+++ b/Makefile
@@ -78,7 +78,7 @@ export SUBPACKAGES := $(SUBPACKAGES)
 # Setup Kubernetes tools
 
 KIND_VERSION = v0.24.0
-UP_VERSION = v0.33.0
+UP_VERSION = v0.34.2
 UP_CHANNEL = stable
 UPTEST_VERSION = v0.11.1
 UPTEST_LOCAL_VERSION = v0.13.0