The effect of microstructure on the fatigue properties of Ti–6Al–2.5Mo–1.5Cr alloy was investigated. The experimental results for both the fatigue crack initiation and propagation behaviour, as well as the dynamic fracture toughness (KId ) showed clearly that a lamellar microstructure is superior to two other structures. It was found that, as in the case of steels, the initiation and subsequent growth of cracks in the titanium specimens with a sharp notch may also occur on loading levels below the threshold values of the K factor (ΔKth ) determined for long fatigue cracks. In addition, measurements by interferential‐contrast of the plastic zone size on the surface of specimens revealed that the different rate of crack growth at identical values of ΔK in individual structural states can roughly be correlated with the size of the plastic zone. A general relationship between the fatigue crack growth rate and plastic zone size, the modulus of elasticity and the role of crack tip shielding is discussed.