diff --git a/app/models/clusters/applications/runner.rb b/app/models/clusters/applications/runner.rb
index f17da0bb7b1..941551dadaa 100644
--- a/app/models/clusters/applications/runner.rb
+++ b/app/models/clusters/applications/runner.rb
@@ -3,7 +3,7 @@
 module Clusters
   module Applications
     class Runner < ActiveRecord::Base
-      VERSION = '0.1.45'.freeze
+      VERSION = '0.2.0'.freeze
 
       self.table_name = 'clusters_applications_runners'
 
diff --git a/changelogs/unreleased/update-gitlab-runner-helm-chart-to-0-2-0.yml b/changelogs/unreleased/update-gitlab-runner-helm-chart-to-0-2-0.yml
new file mode 100644
index 00000000000..3bf55630c4d
--- /dev/null
+++ b/changelogs/unreleased/update-gitlab-runner-helm-chart-to-0-2-0.yml
@@ -0,0 +1,5 @@
+---
+title: Update GitLab Runner Helm Chart to 0.2.0
+merge_request: 25493
+author:
+type: other
diff --git a/spec/models/clusters/applications/runner_spec.rb b/spec/models/clusters/applications/runner_spec.rb
index 5e5b25cbf8a..6972fc03415 100644
--- a/spec/models/clusters/applications/runner_spec.rb
+++ b/spec/models/clusters/applications/runner_spec.rb
@@ -22,7 +22,7 @@ describe Clusters::Applications::Runner do
     it 'should be initialized with 4 arguments' do
       expect(subject.name).to eq('runner')
       expect(subject.chart).to eq('runner/gitlab-runner')
-      expect(subject.version).to eq('0.1.45')
+      expect(subject.version).to eq('0.2.0')
       expect(subject).to be_rbac
       expect(subject.repository).to eq('https://charts.gitlab.io')
       expect(subject.files).to eq(gitlab_runner.files)
@@ -40,7 +40,7 @@ describe Clusters::Applications::Runner do
       let(:gitlab_runner) { create(:clusters_applications_runner, :errored, runner: ci_runner, version: '0.1.13') }
 
       it 'should be initialized with the locked version' do
-        expect(subject.version).to eq('0.1.45')
+        expect(subject.version).to eq('0.2.0')
       end
     end
   end