diff --git a/.github/workflows/functional.yml b/.github/workflows/functional.yml
index fbff9d700d..a74acaa0fc 100644
--- a/.github/workflows/functional.yml
+++ b/.github/workflows/functional.yml
@@ -112,7 +112,7 @@ jobs:
 
       - name: Install cloud-provider-kind
         run: |
-          CLOUD_PROVIDER_KIND_VERSION=v0.4.0 # renovate: datasource=github-tags depName=kubernetes-sigs/cloud-provider-kind
+          CLOUD_PROVIDER_KIND_VERSION=v0.5.0 # renovate: datasource=github-tags depName=kubernetes-sigs/cloud-provider-kind
           go install sigs.k8s.io/cloud-provider-kind@${CLOUD_PROVIDER_KIND_VERSION}
 
       - name: Run cloud-provider-kind
diff --git a/.github/workflows/helm.yml b/.github/workflows/helm.yml
index 917f571df3..095e1d2054 100644
--- a/.github/workflows/helm.yml
+++ b/.github/workflows/helm.yml
@@ -86,7 +86,7 @@ jobs:
 
       - name: Install cloud-provider-kind
         run: |
-          CLOUD_PROVIDER_KIND_VERSION=v0.4.0 # renovate: datasource=github-tags depName=kubernetes-sigs/cloud-provider-kind
+          CLOUD_PROVIDER_KIND_VERSION=v0.5.0 # renovate: datasource=github-tags depName=kubernetes-sigs/cloud-provider-kind
           go install sigs.k8s.io/cloud-provider-kind@${CLOUD_PROVIDER_KIND_VERSION}
 
       - name: Run cloud-provider-kind
@@ -139,7 +139,7 @@ jobs:
 
       - name: Install cloud-provider-kind
         run: |
-          CLOUD_PROVIDER_KIND_VERSION=v0.4.0 # renovate: datasource=github-tags depName=kubernetes-sigs/cloud-provider-kind
+          CLOUD_PROVIDER_KIND_VERSION=v0.5.0 # renovate: datasource=github-tags depName=kubernetes-sigs/cloud-provider-kind
           go install sigs.k8s.io/cloud-provider-kind@${CLOUD_PROVIDER_KIND_VERSION}
 
       - name: Run cloud-provider-kind