diff --git a/Lib/ensurepip/__init__.py b/Lib/ensurepip/__init__.py
index 38bb42104b550f..d77987011d3a8b 100644
--- a/Lib/ensurepip/__init__.py
+++ b/Lib/ensurepip/__init__.py
@@ -9,14 +9,13 @@
 
 __all__ = ["version", "bootstrap"]
 
+_SETUPTOOLS_VERSION = "56.0.0"
 
-_SETUPTOOLS_VERSION = "49.2.1"
-
-_PIP_VERSION = "20.2.3"
+_PIP_VERSION = "21.1"
 
 _PROJECTS = [
     ("setuptools", _SETUPTOOLS_VERSION, "py3"),
-    ("pip", _PIP_VERSION, "py2.py3"),
+    ("pip", _PIP_VERSION, "py3"),
 ]
 
 
diff --git a/Lib/ensurepip/_bundled/pip-20.2.3-py2.py3-none-any.whl b/Lib/ensurepip/_bundled/pip-21.1-py3-none-any.whl
similarity index 51%
rename from Lib/ensurepip/_bundled/pip-20.2.3-py2.py3-none-any.whl
rename to Lib/ensurepip/_bundled/pip-21.1-py3-none-any.whl
index 7ebdc0f31d4e3e..59395be72f135f 100644
Binary files a/Lib/ensurepip/_bundled/pip-20.2.3-py2.py3-none-any.whl and b/Lib/ensurepip/_bundled/pip-21.1-py3-none-any.whl differ
diff --git a/Lib/ensurepip/_bundled/setuptools-49.2.1-py3-none-any.whl b/Lib/ensurepip/_bundled/setuptools-56.0.0-py3-none-any.whl
similarity index 66%
rename from Lib/ensurepip/_bundled/setuptools-49.2.1-py3-none-any.whl
rename to Lib/ensurepip/_bundled/setuptools-56.0.0-py3-none-any.whl
index 308e2f2ed5ed9b..264ef10e826679 100644
Binary files a/Lib/ensurepip/_bundled/setuptools-49.2.1-py3-none-any.whl and b/Lib/ensurepip/_bundled/setuptools-56.0.0-py3-none-any.whl differ
diff --git a/Misc/NEWS.d/next/Library/2021-04-24-14-23-07.bpo-43930.R7ah0m.rst b/Misc/NEWS.d/next/Library/2021-04-24-14-23-07.bpo-43930.R7ah0m.rst
new file mode 100644
index 00000000000000..7dac21f3d9b197
--- /dev/null
+++ b/Misc/NEWS.d/next/Library/2021-04-24-14-23-07.bpo-43930.R7ah0m.rst
@@ -0,0 +1 @@
+Update bundled pip to 21.1 and setuptools to 56.0.0
\ No newline at end of file