A major air and sea rescue is under way for the crew of a fishing boat which has sunk off the coast of Devon.

The frantic search began shortly after 11.30 this morning when the trawler went down near Berry Head at Brixham.

The alarm was raised when the Brixham Coastguard picked up an alert from the fishing boat the Girl Rhona. They told them another vessel had capsized and they had rescued two of the crew from the water.

A third man was still on board when the vessel sank and he remains missing. His name hasn't yet been released, but those who know him are extremely concerned.

A Coastguard helicopter was scrambled from Portland. The Torbay RNLI lifeboat was also launched.

A Mayday broadcast was put out to shipping in the area and several other boats have joined the search.

The Sarah Jayne was a 49 foot beam trawler, skippered by Geoff Ingram, and operating out of Brixham.

Those in the this close-knit community are still hopeful the missing man may yet be found alive.

The vessel is a 15m beam trawler operating out of Brixham. Two of the three crew have been rescued but the third was still on board when the vessel capsized.