If it's anything like the way Tories designed universal credit to be in the UK it'll end up disqualifying real artists and qualifying people who learn how to game the system.
I'm very happy Ireland is no longer part of the UK. I'd say this would be a very good reason.
I mean, maybe some? That's typically a risk you take with these things, unless you want to spend most of the money on oversight. It's capped, and not a huge payment, so any impact from that would be limited.
It's potentially incredible for the established artists though