I have just been talking to the man who has developed the degree after I made an enquiry and he told me the following:
I'm afraid it only works for integrated courses at either ctc or oaa
The loan and maintance loans will cover all uni costs and leave a significant amount to cover the cost of your flight training
You do no additional work to obtain the degree than any other ctc wings cadet, how it works is you do ground school, all basic pilots licenses, advanced simulator training (MCC), type rating with your partner airline, line training and you are awarded the degree on your first flight with passengers.
So it's not as amazing as first thought, however it is still a massive step forward for integrated students with the help from the government as they don't have to take out as much money from their parents or the BBVA bank! And they only pay it back after earning 21k a year.