Both courses provide you with QTS (Qualified Teacher Status). QTS means that you have met the statutory requirements (The Teachers’ Standards 2012) for teaching in the UK. You need QTS to be able to teach in maintained schools in the UK.
A PGCE (Post Graduate Certificate of Education) is an extra academic qualification which includes QTS. Some PGCE courses count as part of a Masters in Education course.
If you want to achieve academic qualifications whilst you complete your training year Teach East offers an optional PGCERT module. Completing the PGCERT earns you 60 masters credits. This is completed alongside your QTS.