Community shares are “withdrawable share capital”, which are issued by co-operative and community benefit societies to raise money to buy assets such a buildings or land and hold them for the benefit of the community in perpetuity. They typically offer a rate of return on your investments and include the membership of the Community Benefit Society or Coop and participation in the decision-making of that business.
This YouTube clip explains a little more:
For investors it is more than just making a profit. It gives local people the opportunity to support and get involved in local projects that they care about. This might be buying your local pub, shop or community centre or even supporting green initiatives like solar panels.