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Servo valves are used in a broad variety of flow modulation applications. In the field of aerospace, servo valves are used in aero engines to meter fuel flow. The existing valves are labour intensive to manufacture and highly optimised such that to achieve improvements in performance requires a novel design. This research investigates smart material actuators and valve concepts. Specifically, a prototype pilot stage nozzle flapper valve is developed for the purpose of actuating a main stage spool. The typical nozzle flapper type servo valve uses a torque motor to actuate the flapper. In this research project, the torque motor has been substituted for two piezoelectric ring bender actuators. A novel mounting mechanism has been developed to secure the ring benders within the valve. Analytical and finite element models have been made to understand the displacement mechanism of a ring bender and the effects of the mount on the displacement and force from a ring bender, and the results were compared with experiment. The mounting stiffness at the inner and outer edges was found to decrease the displacement of the ring bender and it was found that the stiffness of the mount at the outer edge has a greater negative effect on displacement than the stiffness of the mount at the inner edge. The displacement of a ring bender was tested across the operational temperature range of an aero engine. It was found that the displacement of the ring bender is reduced at low temperatures and increases at high temperature. The variation of stiffness of the elastomeric mount was also tested with temperature and it was found that the displacement of a ring bender is significantly reduced when the mounting elastomer approaches its glass transition temperature. A prototype valve was built to test the pressures and flows that could be achieved at two control ports by using a ring bender as actuator. A single ring bender and two ring benders, mounted in tandem to provide redundancy, have been tested. An analytical model was developed and the predictions are compared with experimental results for pressures and flow. The full stroke of the valve was 300m when mounted and reduced to 150m when mounted in tandem with an inactive ring bender. The hysteresis of the valve is +/-10%. The pressures and flow at and between the control ports of the valve are consistent with the predictions.