Banting started out racing in British Formula Junior, driving a privately entered Lotus 20. He advertised the Lotus 20 for sale in Autosport Magazine in March 1962 as he progressed into the Lotus 22 and later a Lotus 31.[2][3] For 1963, he entered a Brabham BT6 and secured his best result at the 1963 British Formula Junior race at Mallory Park with 3rd place.[4][5]
In 1964 he moved into British Formula 3, and won the BRSCC British F3 Championship. By 1965, Banting had joined Stockbridge Racing and began competing in Europe driving in Formula 3 and Formula 2. He secured two podium finishes with a race win at the Grande Prémio de Portugal in July, driving a Cooper T76 and 3rd in the Grand Prix de la Chatre driving a Lotus 22.[6][7][8][9] The T76 he used to win the race was auctioned at the BonhamsGoodwood Revival auction in 2018.[10]
His final competitive championship race came in Swedish Formula 3 for Stockbridge, where he was a guest driver at Gelleråsen. He finished the race in 3rd place.[11]