diff --git a/changelogs/unreleased/7843-dependabot.yml b/changelogs/unreleased/7843-dependabot.yml
new file mode 100644
index 0000000000..88f9653d9c
--- /dev/null
+++ b/changelogs/unreleased/7843-dependabot.yml
@@ -0,0 +1,5 @@
+change-type: patch
+description: Bump setuptools from 70.2.0 to 70.3.0
+destination-branches:
+- master
+sections: {}
diff --git a/requirements.txt b/requirements.txt
index d795cab856..1ac4f186c8 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -20,7 +20,7 @@ PyJWT==2.8.0
 pynacl==1.5.0
 python-dateutil==2.9.0.post0
 pyyaml==6.0.1
-setuptools==70.2.0
+setuptools==70.3.0
 texttable==1.7.0
 tornado==6.4.1
 toml==0.10.2