Faeries might have been wandering around in Victorian England. I can believe that. But it is a more difficult thing to think that they might be wandering around Camden Town now.
It is more of a jump, but I find that more interesting in many ways. The irruption of the supernatural into our world is a much more enticing notion to explore than the same thing happening in some past time, or in a wholly imaginary world.

Strange Horizons interview (2004)