Alex,
With respect, if you are embarking on the ATPL at Oxford in February, yet currently have no idea that there have been vitually no airline sponsorships since 2001 (and clearly have not read the detail about mentored schemes on the Oxford and FTE websites), then you do not currently know enough about the industry to be spending a huge amount of money on what may be a fruitless exercise for you.
Read the sticky thread at the top of the forum with the reference threads, read far and wide beyond this forum, and talk to the pilots at WLAC who are in the industry at the moment (i.e. the BA, bmi and Virgin guys who hang around there all the time).
Then come back and ask some more informed questions.
Good luck, and welcome to the forum.