diff --git a/.github/workflows/ci.yml b/.github/workflows/ci.yml
index b7297e97..5cd05a46 100644
--- a/.github/workflows/ci.yml
+++ b/.github/workflows/ci.yml
@@ -84,7 +84,7 @@ jobs:
           - { rust: stable, vendor: Toshiba, options: all }
           - { rust: stable, vendor: Toshiba, options: "" }
           # Test MSRV
-          - { rust: 1.70.0, vendor: Nordic, options: "" }
+          - { rust: 1.74.0, vendor: Nordic, options: "" }
           # Use nightly for architectures which don't support stable
           - { rust: nightly, vendor: MSP430, options: "--atomics" }
           - { rust: nightly, vendor: MSP430, options: "" }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 10564a51..7a682de2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/).
 
 ## [Unreleased]
 
+- Bump MSRV to 1.74
 - Add `base-address-shift` config flag
 - Use `PascalCase` for type idents, fix case changing bugs, add `--ident-format` (`-f`) option flag
 
diff --git a/Cargo.toml b/Cargo.toml
index 28418c58..b5aa0cc9 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -25,7 +25,7 @@ name = "svd2rust"
 repository = "https://github.com/rust-embedded/svd2rust/"
 version = "0.31.5"
 readme = "README.md"
-rust-version = "1.70"
+rust-version = "1.74"
 
 [package.metadata.deb]
 section = "rust"
diff --git a/README.md b/README.md
index d2f06d4d..f1f02e9e 100644
--- a/README.md
+++ b/README.md
@@ -1,5 +1,5 @@
 ![GitHub top language](https://img.shields.io/github/languages/top/rust-embedded/svd2rust)
-![Minimum Supported Rust Version](https://img.shields.io/badge/rustc-1.70+-blue.svg)
+![Minimum Supported Rust Version](https://img.shields.io/badge/rustc-1.74+-blue.svg)
 [![crates.io](https://img.shields.io/crates/v/svd2rust.svg)](https://crates.io/crates/svd2rust)
 [![crates.io](https://img.shields.io/crates/d/svd2rust.svg)](https://crates.io/crates/svd2rust)
 [![Released API docs](https://docs.rs/svd2rust/badge.svg)](https://docs.rs/svd2rust)