diff --git a/Libraries/Core/setUpReactRefresh.js b/Libraries/Core/setUpReactRefresh.js
index 463123ee82..062171a9b0 100644
--- a/Libraries/Core/setUpReactRefresh.js
+++ b/Libraries/Core/setUpReactRefresh.js
@@ -35,7 +35,13 @@ if (__DEV__) {
 
     register: ReactRefreshRuntime.register,
 
-    performReactRefresh: ReactRefreshRuntime.performReactRefresh,
+    performReactRefresh() {
+      if (ReactRefreshRuntime.hasUnrecoverableErrors()) {
+        NativeDevSettings.reload();
+        return;
+      }
+      ReactRefreshRuntime.performReactRefresh();
+    },
   };
 
   (require: any).Refresh = Refresh;
diff --git a/package.json b/package.json
index c8dcdf992a..23c17b82d6 100644
--- a/package.json
+++ b/package.json
@@ -104,7 +104,7 @@
     "promise": "^7.1.1",
     "prop-types": "^15.7.2",
     "react-devtools-core": "^3.6.2",
-    "react-refresh": "^0.2.0",
+    "react-refresh": "^0.3.0",
     "regenerator-runtime": "^0.13.2",
     "scheduler": "0.14.0",
     "stacktrace-parser": "^0.1.3",
diff --git a/yarn.lock b/yarn.lock
index 4fa2e5aa65..a0a3e05b71 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5926,10 +5926,10 @@ react-proxy@^1.1.7:
     lodash "^4.6.1"
     react-deep-force-update "^1.0.0"
 
-react-refresh@^0.2.0:
-  version "0.2.0"
-  resolved "https://registry.yarnpkg.com/react-refresh/-/react-refresh-0.2.0.tgz#f0cff375e8f75dea7133a847a1b40cf5c073dd0d"
-  integrity sha512-ITw8t/HOFNose2yf1y9pPFSSeB9ISOq2JdHpuZvj/Qb+iSsLml8GkkHdDlURzieO7B3dFDtMrrneZLl3N5z/hg==
+react-refresh@^0.3.0:
+  version "0.3.0"
+  resolved "https://registry.yarnpkg.com/react-refresh/-/react-refresh-0.3.0.tgz#dcbf3c1f2fd2f06dc553c4682cf4ae8e72413b05"
+  integrity sha512-Q4VkuukL/FMo01lifODwMPl6/Pa1OUDJqBEHNw8aLnWIoNsX2BmzRUG+5V7bAPLRXw/fWHNFOmcwRqFfGKrpBw==
 
 react-test-renderer@16.8.6:
   version "16.8.6"