diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6e60c9a..0bd9cf1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -15,6 +15,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Changed
 
 - Make `baseDomain` a required value.
+- Bump kubernetes version to v1.23.16
 
 ## [0.33.1] - 2022-11-08
 
diff --git a/helm/cluster-gcp/values.yaml b/helm/cluster-gcp/values.yaml
index 3c5a306..fb64104 100644
--- a/helm/cluster-gcp/values.yaml
+++ b/helm/cluster-gcp/values.yaml
@@ -2,7 +2,7 @@ clusterName: "test"  # Name of cluster. Used as base name for all cluster resour
 clusterDescription: ""  # Cluster description used in metadata.
 organization: ""  # Organization in which to create the cluster.
 baseDomain: ""  # Customer base domain, generally of the form "<customer codename>.gigantic.io".
-kubernetesVersion: 1.23.13
+kubernetesVersion: 1.23.16
 ubuntuImageVersion: "2204"
 
 vmImageBase: "https://www.googleapis.com/compute/v1/projects/giantswarm-vm-images/global/images/"