diff --git a/Makefile b/Makefile
index 43e97edb5f..4e954318bf 100644
--- a/Makefile
+++ b/Makefile
@@ -78,7 +78,7 @@ export SUBPACKAGES := $(SUBPACKAGES)
 # Setup Kubernetes tools
 
 KIND_VERSION = v0.24.0
-UP_VERSION = v0.31.0
+UP_VERSION = v0.32.1
 UP_CHANNEL = stable
 UPTEST_VERSION = v0.11.1
 UPTEST_LOCAL_VERSION = v0.13.0