The scheme is intended to fund new ideas and programs of work, not those that are already underway. Regrettably, this funding scheme is not designed to fund research that is part of a PhD. See here for resources if you are looking to fund your PhD research. If you have not yet begun your PhD, then you may be a named Research Assistant (RA) on a project submitted by a Principal Investigator (PI) and could use this experience to make you more competitive for winning a fully funded PhD position in the future. See further information on eligibility.