The search for Suffolk billionaire Mike Lynch and his daughter is ongoing after a luxury yacht capsized off the coast of Italy.

Mr Lynch and five others have been missing since the yacht sank during a storm on Monday. 

Here is everything we know so far.

Where did the yacht sink?

The luxury 56-metre-long yacht sunk just off the coast of Palermo in Sicily. 

Emergency services carrying out searches in ItalyEmergency services carrying out searches in Italy (Image: PA)

The yacht, named Bayesian, was moored around half-a-mile off the coast of Porticello when it sank at about 5am local time on Monday as the area was hit by a storm.

Civil protection officials believe the yacht was battered by a tornado over the water, known as a waterspout.

What do we know about the people missing? 

British technology tycoon Mike Lynch and his 18-year-old daughter Hannah are among those missing from the the yacht.

Desperate searches are continuing in ItalyDesperate searches are continuing in Italy (Image: PA)

Morgan Stanley International Bank chairman Jonathan Bloomer; his wife, Judy Bloomer; Clifford Chance lawyer Chris Morvillo; and one person who has not been named are also missing. 

Is a rescue mission underway to find Mike Lynch and the others missing?

A rescue mission was launched on Monday after reports a yacht had sunk off the coast of Sicily. 

The search resumed on Tuesday morning with police divers trying to access the ship’s cabins.

Italy’s fire brigade Vigili del Fuoco said it is developing a plan to enter the wreckage of Bayesian, which is resting on the seabed off the coast of Sicily at a depth of 50 metres.

It described the operation as “complex”, with divers limited to 12-minute underwater shifts.

Rescue crews said they assume the six missing tourists will be found in the cabins, which they were unable to enter on Monday due to debris.

How many people have been rescued?

Fifteen of the 22 passengers and crew onboard – including Mr Lynch’s wife, Angela Bacares – were rescued after escaping onto a lifeboat.

The British ambassador to Italy, Ed Llewellyn, met some of the survivors of the sinking at a hotel.

He said: “I’ve spoken to some of the British survivors both yesterday and today – I want to express my deep sympathy from myself and colleagues at the British Embassy for what’s happened.

“We’re doing what we can to support them in this incredibly sad and difficult situation to help them with contacts from the Italian authorities at a practical level.”

Has anyone died as a result of the yacht sinking?

One body, reportedly belonging to the ship’s chef, was recovered at the scene.