The 19-year-old, who plays primarily as a centre-back, enjoyed a bright 2024/25 campaign after picking up the club's Scholar of the Year award.
The accolade recognises one scholar from each Premier League club who has excelled across all aspects of the programme, both on and off the pitch, serving as a role model to their peers through a positive, professional attitude and application.
Craggs was handed his full Under-21s debut during a Northumberland Senior Cup semi-final tie against Heaton Stannington in March 2025 at the age of 17.