Plans and status of the LHCb upgrade

LHCb (Large Hadron Collider beauty) is a high precision experiment dedicated to searching for New Physics beyond the Standard Model in the heavy flavour sector. Since LHCb is optimised to perf orm indirect studies and is sensitive to mass scales potentially larger than the LHC energy it is playing a key role in broad searches for New Physics phenomena. This expectation is supported by many intriguing anomalies, especially related to rare decays and lepton flavour universality, observed and reported by LHCb. Thus, it is essential for LHCb to enter the high luminosity phase and continue data taking beyond LHC Long Shutdown 2 (LS2). The LHCb experimental setup will undergo a major upgrade that is be ing planned for the LHC Run 3. Here we will discuss selected aspects of this project.