[8] He retained an interest in business with the Ashleybank Investments company which had shares in Schuh and Dobbies among others,[8] and also set up a charitable organisation, the Stevenson Foundation, sponsoring local sports clubs and other civic causes.
[10] The Woollen Mill (in reality Stevenson's close family) owned several National Hunt racehorses, with Gordon W. Richards as trainer.
[11][9] His Irish son-in-law Ger Lyons is also a successful racehorse trainer,[12][13] with his own daughter Kerri among his staff,[14][15] while Ian Stark, Scottish Olympic medallist in Eventing, has credited Stevenson for his long-term support.
In 2012, Stevenson was made an Honorary Freeman of Dumfries and Galloway for "his involvement in bringing national recognition to the town [of Langholm], his generosity of spirit, and the time he has devoted to his local community".
[10] His brother Neil was a top-level rugby union player with Langholm RFC in the era before professionalism in the sport, also working in the family business.