diff --git a/.changelog/7015.txt b/.changelog/7015.txt
new file mode 100644
index 00000000000..bf1bd32a918
--- /dev/null
+++ b/.changelog/7015.txt
@@ -0,0 +1,3 @@
+```release-note:enhancement
+Adding support to 2nd Gen Cloud Functions Terraform Provider for: max_instance_request_concurrency and available_cpu to allow for setting concurrency.
+```
diff --git a/google/resource_cloudfunctions2_function.go b/google/resource_cloudfunctions2_function.go
index b67b946fef4..1e12f1ae305 100644
--- a/google/resource_cloudfunctions2_function.go
+++ b/google/resource_cloudfunctions2_function.go
@@ -273,6 +273,11 @@ region. If not provided, defaults to the same region as the function.`,
 							Description: `Whether 100% of traffic is routed to the latest revision. Defaults to true.`,
 							Default:     true,
 						},
+						"available_cpu": {
+							Type:        schema.TypeString,
+							Optional:    true,
+							Description: `The number of CPUs used in a single container instance. Default value is calculated from available memory.`,
+						},
 						"available_memory": {
 							Type:     schema.TypeString,
 							Optional: true,
@@ -299,6 +304,11 @@ supplied the value is interpreted as bytes.`,
 							Description: `The limit on the maximum number of function instances that may coexist at a
 given time.`,
 						},
+						"max_instance_request_concurrency": {
+							Type:        schema.TypeInt,
+							Optional:    true,
+							Description: `Sets the maximum number of concurrent requests that each instance can receive. Defaults to 1.`,
+						},
 						"min_instance_count": {
 							Type:     schema.TypeInt,
 							Optional: true,
@@ -1036,6 +1046,10 @@ func flattenCloudfunctions2functionServiceConfig(v interface{}, d *schema.Resour
 		flattenCloudfunctions2functionServiceConfigTimeoutSeconds(original["timeoutSeconds"], d, config)
 	transformed["available_memory"] =
 		flattenCloudfunctions2functionServiceConfigAvailableMemory(original["availableMemory"], d, config)
+	transformed["max_instance_request_concurrency"] =
+		flattenCloudfunctions2functionServiceConfigMaxInstanceRequestConcurrency(original["maxInstanceRequestConcurrency"], d, config)
+	transformed["available_cpu"] =
+		flattenCloudfunctions2functionServiceConfigAvailableCpu(original["availableCpu"], d, config)
 	transformed["environment_variables"] =
 		flattenCloudfunctions2functionServiceConfigEnvironmentVariables(original["environmentVariables"], d, config)
 	transformed["max_instance_count"] =
@@ -1087,6 +1101,27 @@ func flattenCloudfunctions2functionServiceConfigAvailableMemory(v interface{}, d
 	return v
 }
 
+func flattenCloudfunctions2functionServiceConfigMaxInstanceRequestConcurrency(v interface{}, d *schema.ResourceData, config *Config) interface{} {
+	// Handles the string fixed64 format
+	if strVal, ok := v.(string); ok {
+		if intVal, err := stringToFixed64(strVal); err == nil {
+			return intVal
+		}
+	}
+
+	// number values are represented as float64
+	if floatVal, ok := v.(float64); ok {
+		intVal := int(floatVal)
+		return intVal
+	}
+
+	return v // let terraform core handle it otherwise
+}
+
+func flattenCloudfunctions2functionServiceConfigAvailableCpu(v interface{}, d *schema.ResourceData, config *Config) interface{} {
+	return v
+}
+
 func flattenCloudfunctions2functionServiceConfigEnvironmentVariables(v interface{}, d *schema.ResourceData, config *Config) interface{} {
 	return v
 }
@@ -1629,6 +1664,20 @@ func expandCloudfunctions2functionServiceConfig(v interface{}, d TerraformResour
 		transformed["availableMemory"] = transformedAvailableMemory
 	}
 
+	transformedMaxInstanceRequestConcurrency, err := expandCloudfunctions2functionServiceConfigMaxInstanceRequestConcurrency(original["max_instance_request_concurrency"], d, config)
+	if err != nil {
+		return nil, err
+	} else if val := reflect.ValueOf(transformedMaxInstanceRequestConcurrency); val.IsValid() && !isEmptyValue(val) {
+		transformed["maxInstanceRequestConcurrency"] = transformedMaxInstanceRequestConcurrency
+	}
+
+	transformedAvailableCpu, err := expandCloudfunctions2functionServiceConfigAvailableCpu(original["available_cpu"], d, config)
+	if err != nil {
+		return nil, err
+	} else if val := reflect.ValueOf(transformedAvailableCpu); val.IsValid() && !isEmptyValue(val) {
+		transformed["availableCpu"] = transformedAvailableCpu
+	}
+
 	transformedEnvironmentVariables, err := expandCloudfunctions2functionServiceConfigEnvironmentVariables(original["environment_variables"], d, config)
 	if err != nil {
 		return nil, err
@@ -1728,6 +1777,14 @@ func expandCloudfunctions2functionServiceConfigAvailableMemory(v interface{}, d
 	return v, nil
 }
 
+func expandCloudfunctions2functionServiceConfigMaxInstanceRequestConcurrency(v interface{}, d TerraformResourceData, config *Config) (interface{}, error) {
+	return v, nil
+}
+
+func expandCloudfunctions2functionServiceConfigAvailableCpu(v interface{}, d TerraformResourceData, config *Config) (interface{}, error) {
+	return v, nil
+}
+
 func expandCloudfunctions2functionServiceConfigEnvironmentVariables(v interface{}, d TerraformResourceData, config *Config) (map[string]string, error) {
 	if v == nil {
 		return map[string]string{}, nil
diff --git a/google/resource_cloudfunctions2_function_generated_test.go b/google/resource_cloudfunctions2_function_generated_test.go
index 7c17f3befda..4d5fb6c3cd7 100644
--- a/google/resource_cloudfunctions2_function_generated_test.go
+++ b/google/resource_cloudfunctions2_function_generated_test.go
@@ -179,8 +179,10 @@ resource "google_cloudfunctions2_function" "function" {
   service_config {
     max_instance_count  = 3
     min_instance_count = 1
-    available_memory    = "256M"
+    available_memory    = "4Gi"
     timeout_seconds     = 60
+    max_instance_request_concurrency = 80
+    available_cpu = "4"
     environment_variables = {
         SERVICE_CONFIG_TEST = "config_test"
     }
diff --git a/website/docs/r/cloudfunctions2_function.html.markdown b/website/docs/r/cloudfunctions2_function.html.markdown
index d9fd3b29e5d..e97ba36d78d 100644
--- a/website/docs/r/cloudfunctions2_function.html.markdown
+++ b/website/docs/r/cloudfunctions2_function.html.markdown
@@ -128,8 +128,10 @@ resource "google_cloudfunctions2_function" "function" {
   service_config {
     max_instance_count  = 3
     min_instance_count = 1
-    available_memory    = "256M"
+    available_memory    = "4Gi"
     timeout_seconds     = 60
+    max_instance_request_concurrency = 80
+    available_cpu = "4"
     environment_variables = {
         SERVICE_CONFIG_TEST = "config_test"
     }
@@ -675,6 +677,14 @@ The following arguments are supported:
   Defaults to 256M. Supported units are k, M, G, Mi, Gi. If no unit is
   supplied the value is interpreted as bytes.
 
+* `max_instance_request_concurrency` -
+  (Optional)
+  Sets the maximum number of concurrent requests that each instance can receive. Defaults to 1.
+
+* `available_cpu` -
+  (Optional)
+  The number of CPUs used in a single container instance. Default value is calculated from available memory.
+
 * `environment_variables` -
   (Optional)
   Environment variables that shall be available during function execution.