Hi all, I was wondering if anyone has any experience/thoughts with grant funding for CICs limited by guarantee vs shares.

We are currently a company limited by shares and want to convert to a CIC limited by guarantee but a lawyer suggested it will be expensive and time-consuming to do so because we would have to close our business and transfer all assets, and create a new business account, Google drive accounts etc. Therefore they suggested becoming a CIC limited by shares, but admitted they do not know if this will limit our ability to apply for grants.

I've started looking into grant funders and how many won't fund CICs limited by shares but would love to hear others experiences.

Thanks!