diff --git a/README.md b/README.md
index 8be7325..6bcf5fb 100644
--- a/README.md
+++ b/README.md
@@ -16,7 +16,7 @@ This project generates a type-safe smart contract client in Python for the Algor
 To be able to consume the generated file you need to include it in a Python project that has (at least) the following package installed:
 
 ```
-poetry add algokit-utils@^1.2
+poetry add algokit-utils@^2.3.0
 ```
 
 ### Use
diff --git a/poetry.lock b/poetry.lock
index 533db97..59d5b2c 100644
--- a/poetry.lock
+++ b/poetry.lock
@@ -2039,4 +2039,4 @@ testing = ["big-O", "jaraco.functools", "jaraco.itertools", "more-itertools", "p
 [metadata]
 lock-version = "2.0"
 python-versions = "^3.10"
-content-hash = "fe3a8944c47fea6b58e485c9f4d30cabce196e8d580b0b709253206c94f6f035"
+content-hash = "3298cbed542304936445ad1c6873f312ce898eceade8faf0ea34bc1b37cfd9ce"
diff --git a/pyproject.toml b/pyproject.toml
index 2e868f1..ce693ab 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -8,7 +8,7 @@ readme = "README.md"
 
 [tool.poetry.dependencies]
 python = "^3.10"
-algokit-utils = "2.3.0"
+algokit-utils = "^2.3.0"
 
 [tool.poetry.group.dev.dependencies]
 ruff = "^0.1.6"