James Craggs the Younger PC (9 April 1686 – 16 February 1721), was an English politician.

Craggs was implicated in the South Sea Bubble, but not so deeply as his father, whom he predeceased, dying on 16 February 1721, aged 34.

Among Craggs's friends were Alexander Pope (who wrote the epitaph on his monument in Westminster Abbey), Joseph Addison and John Gay.

James Craggs also left two Illegitimate sons, each named James, by different mothers, Reference to these may be found in the Will of his uncle, Michael Richards, who left bequests to Harriot and to each of the sons.

In 1719 he was one of the original backers of the Royal Academy of Music, establishing a London opera company which commissioned numerous works from Handel, Bononcini and others.