James Jenkins, who is also a governor at the school, has paid for 217 vests at a cost of pound;750. They are decorated with the school badge and the logo of his business Money Sprite.
The gesture came after a pupil was hit by a car after running into the road, although they were not seriously hurt.
Headteacher Jacqui Bradshaw said: "We will have a special assembly to launch them.
"There is congestion around the school, as there is with all schools.
"We would like to encourage people to walk to reduce congestion and from a health point of view.
"We already have a walk to school on Wednesday day, where children get stickers if their parents park in the big car parks that are some distance from the school and walk in.
"It's about working proactively together as a whole community to see if we can do things differently and make things a better for everyone . ".