diff --git a/Dockerfile b/Dockerfile
index fb5f56aeb84dc10aede7fd79ff26a1e41c9c09fe..49215cb027f0c874ade715a8a3116c27e8eceda3 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -4,7 +4,7 @@ ARG BASE_IMAGE=ironbank/redhat/ubi/ubi8
 ARG BASE_TAG=8.3
 
 
-FROM ghcr.io/fluxcd/helm-controller:v0.2.0 as builder
+FROM ghcr.io/fluxcd/helm-controller:v0.4.0 as builder
 
 FROM ${BASE_REGISTRY}/${BASE_IMAGE}:${BASE_TAG}
 
@@ -14,7 +14,7 @@ LABEL maintainer="ironbank@dsop.io" \
       org.opencontainers.image.description="The helm-controller is a Kubernetes operator, allowing one to declaratively manage Helm chart releases. It is part of a composable GitOps toolkit and depends on source-controller to acquire the Helm charts from Helm repositories." \
       org.opencontainers.image.licenses="Apache-2.0" \
       org.opencontainers.image.url="https://repo1.dsop.io/dsop/fluxcd/helm-controller" \
-      org.opencontainers.image.version="v0.2.0"
+      org.opencontainers.image.version="v0.4.0"
 
 
 COPY tini-amd64 /sbin/tini
diff --git a/download.yaml b/download.yaml
index 664f0b3370671a294bef4aba249e5139500f94f4..974bdacf2235cfc8b7f170b03ea6a6c2911c3532 100644
--- a/download.yaml
+++ b/download.yaml
@@ -1,7 +1,7 @@
 ---
   resources:
-    - url: docker://ghcr.io/fluxcd/helm-controller:v0.2.0
-      tag: ghcr.io/fluxcd/helm-controller:v0.2.0
+    - url: docker://ghcr.io/fluxcd/helm-controller:v0.4.0
+      tag: ghcr.io/fluxcd/helm-controller:v0.4.0
 
     - url: https://github.com/krallin/tini/releases/download/v0.19.0/tini-amd64
       filename: tini-amd64