diff --git a/settings.gradle b/settings.gradle
index 498425516..e08efbf32 100644
--- a/settings.gradle
+++ b/settings.gradle
@@ -6,7 +6,7 @@ pluginManagement {
 }
 
 plugins {
-    id('io.micronaut.build.shared.settings') version '7.3.2'
+    id('io.micronaut.build.shared.settings') version '7.4.0'
 }
 
 rootProject.name = 'micrometer-parent'