volunteerpilot, I'm sure none of the applicants are under the illusion that this will be an easy process.
We are all well aware of the highly competitive nature of the scheme but hey, 12 people will be selected at the end, right? Some people (probably following this thread) will be fortunate enough to be chosen! As for the money... there have been hints of an opportunity to get the loan guaranteed by VAA - which is vital for people like me who can under no circumstances find £120k or use an asset as security.
It would be nice to see slightly more optimistic and positive approaches to this fantastic opportunity.