I applied for funding twice - once whilst working fulltime and the second during a gap between jobs. The first was unsuccessful unfortunately but I did get funding the second time.
You're definitely on the right track, having started so early and already being in contact with a supervisor, as contacting supervisors can often be a timeconsuming process re. waiting for replies. If you have time and this is realistic for you, I'd recommend seeking out another supervisor at a university connected with another consortium as an option in the event that funding doesn't work out for you at your first choice, although I understand that this means putting together another application.
One thing I would really recommend is actually logging into the portal for your funding application as soon as it is opened and looking at the way their form is structured to make sure you're application is actually answering the right questions. Usually the portals open around October, and you may also be able to access a document providing guidance on exactly how the consortium wants you to answer each question. I didn't do this the first time I applied and really regreted it. I logged into the portal last minute and realised I needed to format my application in an entirely different way to how I had for my application to the university itself, and wasted a lot of time here. I'd also recommend getting your application off to the university itself as soon as you can - admissions for actual PhD places aren't as competative as the funding applications, so you want to be putting more attention into the funding application.
Obviously it depends on your schedule and how you like to work, but it might be worth putting a day/half a day a week towards this application? Funding cycles are unfortunately very intense and, with deadlines being just after Christmas, also come at a very inconvenient time! I think I wrote 13 drafts of my application in total, although this was over two years. The year I was succesful, I probably wrote 8 drafts? My application didn't always change massively between drafts, but I sent the latest version of my draft off maybe monthly to my potential supervisors for their feedback. I also started working on it in September, so would say you're well on track! Consortiums may also run a workshop for potential applicants which I'd really recommend going along to if you can. It was on a Saturday, if I remember correctly, and I only went the second year I applied but really do believe the advice I got there was a significant factor in me getting funding.
Best of luck with the funding process!