Josh,
I think it's probably the same, or similar scheme: I did a Flying Scholarship at Carlisle in 1967 - yeah, I know, in pre-history!
It was the most incredible experience, and resulted in me making many life-long friends. Most of the students went into aviation as a career: both RAF and the airline industry. It was the most remarkable 'boost' that we had from the wonderful Air Cadet organisation. You are, indeed, fortunate to have been given this opportunity to get into some serious flying.
A warning - it's not easy. Work hard, and take it very seriously. But above all - enjoy every minute.
Good luck, Josh!