for a licence you can purchase for half this amount if you do your homework.
Not for an MPL, you can't. Maybe an ATPL.
The wording is:-
"students will undergo
a fully Flybe funded Q400 Type Rating course.
In addition to the support outlined in the above paragraph, those successful for the Partially Sponsored Airline Scheme will receive an additional sponsorship from Flybe of GBP £19,800.00," (my italics)
ie Flybe pay for the type rating and give the student
an additional £19,800 towards the FTE fees of £76,000. At least that is how I read it.