The critical behaviour of semi-infinite $d$-dimensional systems with short-range interactions and an O(n) invariant Hamiltonian is investigated at an $m$-axial Lifshitz point with an isotropic wave-vector instability in an $m$-dimensional subspace of $mathbb{R}^d$ parallel to the surface. Continuum $|bphi|^4$ models representing the associated universality classes of surface critical behaviour are constructed. In the boundary parts of their Hamiltonians quadratic derivative terms (involving a dimensionless coupling constant $lambda$) must be included in addition to the familiar ones $proptophi^2$. Beyond one-loop order the infrared-stable fixed points describing the ordinary, special and extraordinary transitions in $d=4+frac{m}{2}-epsilon$ dimensions (with $epsilon>0$) are located at $lambda=lambda^*=Or(epsilon)$. At second order in $epsilon$, the surface critical exponents of both the ordinary and the special transitions start to deviate from their $m=0$ analogues. Results to order $epsilon^2$ are presented for the surface critical exponent $beta_1^{rm ord}$ of the ordinary transition. The scaling dimension of the surface energy density is shown to be given exactly by $d+m (theta-1)$, where $theta= u_{l4}/ u_{l2}$ is the bulk anisotropy exponent.
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