We live in the states so it will be interesting to see how the processes differ from one another! I don't believe we have to go before a panel over here. We have to do criminal/background checks, a medical release, a fire inspection of the home, a full home study (that's the one that I'm not sure how long it will take), reference checks and the three week training. During our informational meeting we were told they like to have the licensing process completed within 120 days.. but I can only imagine that's a goal number and not necessarily something to quote.
We're planning on fostering babies, preferably under 6 months. We hope to adopt through this process as well, although obviously there's no way of know when that will be. What age range are you interested in?
Oh, and nice to meet you! I've found this forum to be really helpful and supportive over the past year(+) and I was sad to let it go. I'm glad there's a fostering group on here too.