This is not a sponsorship scheme. Let's be clear on that! You pay 76k for an MPL. You take all the risk. You have no promises from Flybe. All that happens is they monitor your progress, and if you do well, and if they have positions available when you finish, then they will 'sponsor' your type rating. They then take this 'sponsorship' back out of your salary (25k) for 5 years.
So you earn 20k for 5 years, plus increments, and you have to service 76k debt. Some deal!!
This is yet another example of schools and employers manipulating the facts to get wanabee pilots to shell out huge amounts of money, for a licence you can purchase for half this amount if you do your homework.
Caveat Emptor.